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Dorman Plumbing Products Lid reported the following data in 2018 (in Millions) (Click the icon to view the financial statements.) Computo Dorman's leverage ratio, dobit
Dorman Plumbing Products Lid reported the following data in 2018 (in Millions) (Click the icon to view the financial statements.) Computo Dorman's leverage ratio, dobit ratio, and times interest.cmned ration, and write a sentence to explain what those ratio values mean Use year and figures in place of averages where needed for the purpose of calculating the ratios Would you be willing to lend Dorman $1 milion? Why or why not? (Enter wall mounts millions ) First, compute Dorman's leverage ratio Determine the formula for the leverage ratio Then enter the amounts to calculate the leverage ratio (Round your own to two decimal places, XXX) Leverage ratio 2018 Net operating revenues $ 31.7 Operating expenses 27.5 Operating income 4.2 Nonoperating items: Interest expense (1.3) (0.6) Other Net income. $ 2.3 in Total assets $ 200.0 Total stockholders' equity 78.0
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