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Dollarama reported the following selected data (in millions): 2020 2019 Total assets $3,716.5 $3,359.7 Total liabilities 3,808.7 3,677.1 Profit for the year 564.0 545.0 Income
Dollarama reported the following selected data (in millions): 2020 2019 Total assets $3,716.5 $3,359.7 Total liabilities 3,808.7 3,677.1 Profit for the year 564.0 545.0 Income tax expense 206.3 205.6 Interest expense 100.6 94.6 Calculate the debt to total assets and interest coverage ratios for 2020 and 2019. Did Dollarama's solvency improve, worsen, or remain unchanged in 2020? (Round answers to 1 decimal place, e.g. 52.2 or 52.2%.) 2020 2019 Dollarama's debt to total assets Dollarama's interest coverage % times times
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