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At May 31, 2019, H. J. Klehr Incorporated reported the following amounts (in millions) in its financial statements: Total Assets Total Liabilities Interest Expense Income
At May 31, 2019, H. J. Klehr Incorporated reported the following amounts (in millions) in its financial statements: Total Assets Total Liabilities Interest Expense Income Tax Expense Net Income 2019 $ 71,000 48,280 750 160 800 2018 $ 69,000 44,160 770 265 6,452 Required: 1. Compute the debt-to-assets ratio and times interest earned ratio for 2019 and 2018. 2-a. In 2019, were creditors providing a greater (or lesser) proportion of financing for H. J. Klehr's assets? 2-b. In 2019, was H. J. Klehr more or less) successful at covering its interest costs, as compared to 2018? Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Compute the debt-to-assets ratio and times interest earned ratio for 2019 and 2018. (Round your answers to 2 decimal places.) 2019 2018 Debt-to-Assets Times Interest Earned Ratio Req 1 Req 2A Req 2B In 2019, were creditors providing a greater (or lesser) proportion of financing for H. J. Klehr's assets? Greater Lesser Reg 1 Req 2A Req 2B In 2019, was H. J. Klehr more or less) successful at covering its interest costs, as compared to 2018? More Less
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