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Overall ratio analysis (LO2) The balance sheet for Stud Clothiers is shown next. Sales for the year were $2, 400,000, with 90 percent of sales

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Overall ratio analysis (LO2) The balance sheet for Stud Clothiers is shown next. Sales for the year were $2, 400,000, with 90 percent of sales sold on credit. Compute the following ratios: a. Current ratio. Debt utilization ratios (LO2) The Lancaster Corporation's income statement is given next. a. What is the times-interest-earned ratio? b. What would be the fixed-charge-coverage ratio

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