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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 Total Liabilities Interest
At April 30, 2013, H. J. Klehr Incorporated reported the following amounts (in millions) in its financial statements 2013 2012 Total Assets Total Liabilities Interest Expense Income Tax Expense Net Income $13,250 10,335 170 160 1,030 $11,850 9.006 170 195 910 Required 1. Compute the debt-to-assets ratio and times interest earned ratio for 2013 and 2012. (Round your answers to 2 decimal places.) 2013 2012 Times Interest Eaned Ratio 2. Creditors were providing a greater (or lesser) proportion of financing for Klehr Incorporated assets? Greater Lesser 2b. Klehr Incorporated was more (or less) successful at covering its interest costs, as compared to 2012? More Less
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