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Blue Spruce Corporation, a fertilizer company, had the following information in its financial statements for the fiscal years ended December 31. All figures are
Blue Spruce Corporation, a fertilizer company, had the following information in its financial statements for the fiscal years ended December 31. All figures are in millions of dollars. 2021 2020 Total assets $10,464.2 $9,043.9 Total liabilities 5,367.7 3,658.4 Profit 3,411.3 1,004.0 Interest expense 60.4 72.8 Income tax expense 1,141.6 4014 (a) Calculate Blue Spruce's (Round answers to 1 decimal place, for eg. 52.7 or 52.7%) (1) Debt to total assets ratio for 2020 and 2021 (2) Interest coverage ratio for 2020 and 2021
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