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Ces ietest eamea for both years. Solvency ratios LO5 The following financial information regarding Emily's Editors Pty Ltd is available: 2015 $530000 Total assets Total
Ces ietest eamea for both years. Solvency ratios LO5 The following financial information regarding Emily's Editors Pty Ltd is available: 2015 $530000 Total assets Total liabilities Total shareholders' equity 140000 390000 2015 Statement of comprehensive income Revenue S 250000 Cost of goods sold 125000 Gross profit 125000 Operating expenses 40000 85000 10000 $ 75000 25000 12000 S 62000 Profits before interest and taxes Interest expense Profits before taxes Income tax expense Comprehensive income (no tax) Total comprehensive income Required a Calculate the following ratios: i debt to assets ii debt to equity ACCT2 Fina
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