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Dorman Plumbing Products Ltd. reported the following data in 2018 (in millions): (Click the icon to view the financial statements.) Compute Dorman's leverage ratio, debt
Dorman Plumbing Products Ltd. reported the following data in 2018 (in millions): (Click the icon to view the financial statements.) Compute Dorman's leverage ratio, debt ratio, and times-interest-earned ratio, and write a sentence to explain what those ratio values mean. Use year-end figures in place of averages where needed for the purpose of calculating the ratios. Would you be willing to lend Dorman $1 million? Why or why not? (Enter all amounts in 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 answer to two decimal places, X.XX.) =Leverageratio]= Data table
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