DEBT-MANAGEMENT RATIOS. Use the Dayton Hudson financial statements in Exercise 15-25 to respond to the following requirements.
Question:
DEBT-MANAGEMENT RATIOS. Use the Dayton Hudson financial statements in Exercise 15-25 to respond to the following requirements.
REQUIRED:
1. Compute the five debt-management ratios for the years ended January 29, 1994, and January 30, 1993.
2. Have the ratios changed? Do the ratios suggest whether Dayton Hudson is more or less risky for long-term creditors at J anuary 29, 1994, than at January 30, 1993.
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