Question
Apple Inc wants to assess its solvency position using various ratios. The following information is available: Total Assets: $300,000,000 Total Liabilities: $150,000,000 Equity: $150,000,000 EBIT:
Apple Inc wants to assess its solvency position using various ratios. The following information is available:
- Total Assets: $300,000,000
- Total Liabilities: $150,000,000
- Equity: $150,000,000
- EBIT: $50,000,000
- Interest Expense: $10,000,000
Calculate the following solvency ratios for Apple Inc: a) Debt Ratio b) Debt-to-Equity Ratio c) Interest Coverage Ratio
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International Financial Reporting and Analysis
Authors: David Alexander, Anne Britton, Ann Jorissen
5th edition
978-1408032282, 1408032287, 978-1408075012
