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Calculating Leverage Ratios Tag Corp. reported the following amounts (in millions) in a recent Form 10-K. Total assets Total liabilities $93,561 62,308) Total noncurrent liabilities
Calculating Leverage Ratios Tag Corp. reported the following amounts (in millions) in a recent Form 10-K. Total assets Total liabilities $93,561 62,308) Total noncurrent liabilities 32,645 Total stockholders' equity 34,085 Total earnings 4,139 Interest expense 2,365 Net earnings before taxes and interest 9,304 Compute the following ratios. Note: Enter the answers rounded to two digits after the decimal; for example, enter 1.42 for 1,424, or 1.43 for 1.425 a. Total liabilities-to-equity b. Total liabilities-to-total assets 0 0 0 c. Times interest earned Check
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