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4 + Exercise 2-22 Interpreting the debt ratio and return on assets LO A2 375 points Using the year-end information for each of the following

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4 + Exercise 2-22 Interpreting the debt ratio and return on assets LO A2 375 points Using the year-end information for each of the following six separate companles ($ thousands). Case Assets Liabilities Average Assets Net Income Company 1 $ 90,500 $ 11,765 $ 100,000 $ 20,eee Company 2 64,000 46,720 40,eee 3,800 Company 3 32,500 26,650 Se, 650 Company 4 147,000 55,860 200,000 21,000 Company 5 92,000 31,280 40,000 7,520 Company 6 104,500 52,250 80,000 12,000 eBook Point References a. Calculate the debt ratio and the return on assets. (Round your debt ratios to 2 decimal places and return on assets to 3 decimal places. Enter all answers in numbers and not in percentages.) Debt Ratio ROA Case Company 1 Company 2 Company 3 Company 4 Company 5 Company

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