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Kermit Plumbing Products Ltd. reported the following data in 2000 (in billion) (Click the icon to view the financial statements) Compute Kermit's times-interest earned
Kermit Plumbing Products Ltd. reported the following data in 2000 (in billion) (Click the icon to view the financial statements) Compute Kermit's times-interest earned ratio and write a sentence to explain what the ratio values mean. Would you be willing to lend Kermd $1 billion? State your reason. (Enter all amounts in billions.) Determine the formula for the times-interest-earned ratio. Then, complete the formula and calculate the debt ratio (Round your answer to one decimal place, X.X.) This means that Would you be willing to lend Kermit $1 billion? State your reason Based on times-interest-eamed ratio, the authors be willing to lend $1 billion to Kermit in 2000, Kermit Plumbing ts existing interest expense.
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