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b) In 2019, were creditors providing a greater (or lesser) proportion of financing for H. J. Klehrs assets? c) In 2019, was H. J. Klehr
b) In 2019, were creditors providing a greater (or lesser) proportion of financing for H. J. Klehrs assets?
c) In 2019, was H. J. Klehr more (or less) successful at covering its interest costs, as compared to 2018?
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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 Tax Expense Net Income 2019 $ 63,000 37,170 679 135 680 2018 $ 61,000 33,550 650 240 5,378 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 Reg 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 RatioStep by Step Solution
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