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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 $ 13,250 $
At April 30, 2013, H. J. Klehr Incorporated reported the following amounts (in millions) in its financial statements: |
2013 | 2012 | |||||||
Total Assets | $ | 13,250 | $ | 11,850 | ||||
Total Liabilities | 10,335 | 9,006 | ||||||
Interest Expense | 170 | 170 | ||||||
Income Tax Expense | 160 | 195 | ||||||
Net Income | 1,030 | 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.) debt-to-assets: times interest earned ratio: Please show me the step for this question. | |
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