Question
General information applicable to Phoenix Company is provided below. 20X4 20X3 20X2 20X1 20X0 Ind. Average Debt Ratio (Book-based) 72% 69% 66% 60% 58% 64%
General information applicable to Phoenix Company is provided below.
| 20X4 | 20X3 | 20X2 | 20X1 | 20X0 | Ind. Average | ||
| Debt Ratio (Book-based) | 72% | 69% | 66% | 60% | 58% | 64% | |
| TIE | 6.5 | 6.0 | 4.9 | 5.8 | 7.2 | 7.0 | |
| Bond Rating (S&P) | BBB- | BB+ | BB | BBB+ | AA- | NA |
From the information given above, calculate the Financial Leverage Ratio (FLR) for Phoenix Company for the year 20X4
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Fundamentals of Investments, Valuation and Management
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
8th edition
1259720697, 1259720691, 1260109437, 9781260109436, 978-1259720697
