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fast E10-10 (Algo) Calculating and Interpreting the Debt-to-Assets Ratio and Times Interest Earned R 105] At May 31, 2019, Tagalong Transport Services reported the following
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E10-10 (Algo) Calculating and Interpreting the Debt-to-Assets Ratio and Times Interest Earned R 105] At May 31, 2019, Tagalong Transport Services reported the following amounts (in millions) in its financial statements: Required: 1. Compute the debt-to-assets ratio and times interest earned ratio for 2019 and 2018 2-a. In 2019, were creditors providing a greater (or lesser) proportion of financing for Tagalong's assets? 2.b. In 2019, was Tagalong more (or less) successful at covering its interest costs, as compared to 2018 ? Complete this question by entering your answers in the tabs below. 1. Compute the debt-to-assets ratio and times interest earned ratio for 2019 and 2018, 2-a. In 2019, were creditors providing a greater (or lesser) proportion of financing for Tagalong's assets? 2-b. In 2019, was Tagalong more (or less) successful at covering its interest costs, as compared to 2018? Complete this question by entering your answers in the tabs below. Compute the debt-to-assets ratio and times interest earned rehio for 2019 and 2018. (Round yout answers to 2 decimal) places.) Step by Step Solution
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