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4. Embro Co. had total assets of $9,360,000. These were financed by the following: - Current liabilities: $2,000,000 - Long-term debt: $2,680,000 - Common shares:
4. Embro Co. had total assets of $9,360,000. These were financed by the following: - Current liabilities: $2,000,000 - Long-term debt: $2,680,000 - Common shares: $1,024,000 - Retained earnings: $3,656,000 Required (a) Calculate the following ratios: (i) Debt to assets ratio (ii) Debt to equity ratio (b) Comment on the riskiness of the company
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