21) In general, a lower Times Interest Earned Ratio is better. True or False

22) Krogers Times Interest Earned Ratio of 3.7 is good. True or False

23) Assuming a tax rate of 21%, the after-tax cost of $3 million in interest expense is ________ . (2 pts)

24) A company has $2 million in Total Liabilities and $3 million in Total Equity. Its Debt to Assets Ratio is ________. (2 points)

25) Capital leases are, in effect, another form of borrowing to buy an asset. True or False