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Kennel Corp. reported sales of $950 million on its 20Y5 income statement. The firm also reported current assets of $250 million, current liabilities of $150
Kennel Corp. reported sales of $950 million on its 20Y5 income statement. The firm also reported current assets of $250 million, current liabilities of $150 million, long-term debt of $100 million, and total stockholder's equity of $300 million on its 20Y5 balance sheet. a. Compute the firm's total debt ratio for 20Y6. b. Compute the firm's fixed asset turnover and total asset turnover ratios for 20Y5.
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