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Calculating Leverage Ratios Tag Corp. reported the following amounts (in millions) in a recent Form 10-K. Total assets $22,277 Total liabilities 16,993 Total noncurrent liabilities
Calculating Leverage Ratios
Tag Corp. reported the following amounts (in millions) in a recent Form 10-K.
Total assets | $22,277 |
Total liabilities | 16,993 |
Total noncurrent liabilities | 7,773 |
Total stockholders' equity | 8,116 |
Total earnings | 986 |
Interest expense | 563 |
Net earnings before taxes and interest | 2,537 |
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 | Answer |
b. Total liabilities-to-total assets | Answer |
c. Times interest earned | Answer |
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