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ABC Co. financial data for 2020 & 2019 are given below: 2020 2019 Total Assets $901,000 $873,000 Total Liabilities 631,000 543,000 Cash 44,000 43,000
ABC Co. financial data for 2020 & 2019 are given below: 2020 2019 Total Assets $901,000 $873,000 Total Liabilities 631,000 543,000 Cash 44,000 43,000 Interest-bearing Debt 555,000 395,000 Net Income 135,000 116,000 Interest Expense 12,300 9,200 Tax Expense 17,100 15,200 Depreciation Expense 49,500 36,500 (a) Calculate the debt to equity ratio and the interest coverage ratio using the select financial data provided above for 2019 & 2020. (Round answers to 2( decimal places, e.g. 15.25.) Debt to Equity Ratio Interest Coverage Ratio eTextbook and Media 2020 times Save for Later Attempts: unlimited Submit Answer 2019 times.
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