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13 E10-10 (Algo) Calculating and Interpreting the Debt-to-Assets Ratio and Times Interest Earned Ratio [LO 10-5] 0 points Skipped At May 31, 2019, H.
13 E10-10 (Algo) Calculating and Interpreting the Debt-to-Assets Ratio and Times Interest Earned Ratio [LO 10-5] 0 points Skipped At May 31, 2019, H. J. Klehr Incorporated reported the following amounts (in millions) in its financial statements: Total Assets Total Liabilities Interest Expense Income Tax Expense Net Income eBook Required: 2019 $ 71,000 2018 $ 69,000 48,280 44,160 750 160 770 265 800 6,452 Hint Print 1. Compute the debt-to-assets ratio and times interest earned ratio for 2019 and 2018. 2-a. In 2019, were creditors providing a greater (or lesser) proportion of financing for H. J. Klehr's assets? 2-b. In 2019, was H. J. Klehr more (or less) successful at covering its interest costs, as compared to 2018? Complete this question by entering your answers in the tabs below. References Req 1 Req 2A Req 2B Compute the debt-to-assets ratio and times interest earned ratio for 2019 and 2018. (Round your answers to 2 decimal places.) Debt-to-Assets Times Interest Earned Ratio 2019 2018 < Req 1 Req 2A > Check
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