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Lydex Company's financial statements for the last two years are as follows: 1. to assess in the companies performance in terms of debt management and
Lydex Company's financial statements for the last two years are as follows:
[The following information applies to the questions displayed below.] Lydex Company's financial statements for the last two years are as follows: The following financial data and ratios are typical of companies in Lydex Company's industry: Required: 1. To assess the company's performance in terms of debt management and profitability, compute the following for this year and last year: Note: Round your "Percentage" answers to 1 decimal place and other answers to 2 decimal places. a. The times interest earned ratio. b. The debt-to-equity ratio. c. The gross margin percentage. d. The return on total assets. (Total assets at the begining of last year were $13,160,000 ) e. The return on equity. (Stockholders' equity at the beginning of last year totaled $8,646,200. There has been no change in common stock over the last two years) f is the company's financial leverage positive or negative? Required: 1. To assess the company's performance in terms of debt management and profitability, compute the following for this year and last year: Note: Round your "Percentage" answers to 1 decimal place and other answers to 2 decimal places. a. The times interest earned ratio. b. The debt-to-equity ratio. c. The gross margin percentage. d. The return on total assets, (Total assets at the beginning of last year were $13,160,000, ) e. The return on equity. (Stockholders' equity at the beginning of last year totaled $8,646,200. There has been no change in common stock over the last two years.) f is the company's financial leverage positive or negative? Required: 1. To assess the company's performance in terms of debt management and profitability, compute the following for this year and last year: Note: Round your "Percentage" answers to 1 decimal place and other answers to 2 decimal places. a. The times interest earned ratio. b. The debt-to-equity ratio. c. The gross margin percentage. d. The return on total assets. (Total assets at the beginning of last year were $13,160,000 ) e. The return on equity. (Stockholders' equity at the beginning of last year totaled $8,646,200. There has been no change in common stock over the last two years.) f. Is the company's financial leverage positive or negative 1. to assess in the companies performance in terms of debt management and profitability, compute the followinh for this year and last year:
d. The return on total assets (total assets at the beginning of last year were $13,160,000.)
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