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At April 30, 2013, H. J. Klehr Incorporated reported the following amounts (in millions) in its financial statements: 2013 2012 Total Assets $ 13,320 $
At April 30, 2013, H. J. Klehr Incorporated reported the following amounts (in millions) in its financial statements:
2013 | 2012 | |||||||
Total Assets | $ | 13,320 | $ | 12,200 | ||||
Total Liabilities | 8,658 | 7,686 | ||||||
Interest Expense | 320 | 320 | ||||||
Income Tax Expense | 420 | 340 | ||||||
Net Income | 1,100 | 1,020 | ||||||
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Compute the debt-to-assetsratio and times interest earned ratio for 2013 and 2012.(Round your answers to 2 decimal places.)
debt-to-assetsratio2013:_______debt-to-assetsratio2012:______
times interest earned ratio2013:______times interest earned ratio2012:______
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