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Exercise 9-89 (Algorithmic) Ratio Analysis Rising Stars Academy provided the following information on its 2019 Balance Sheet and Statement of Cash Flows: Long-term debt $
Exercise 9-89 (Algorithmic) Ratio Analysis Rising Stars Academy provided the following information on its 2019 Balance Sheet and Statement of Cash Flows: Long-term debt $ 4,400 Interest expense $ 398 Total liabilities Net income 559 9,912 38,775 Total assets Interest payments 432 Total equity 29,803 Cash flows from operations Operating income 1,223 Income tax expenses 1,015 266 150 Income taxes paid Required: Calculate the following ratios for Rising Stars Academy. Round your answers to three decimal places. a. Debt to equity b. Debt to total assets C. Long-term debt to equity d. Times interest earned (accrual basis) e. Times interest earned (cash basis)
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