Question
Pare Plumbing Products Ltd. reported the following data in 2020 (in millions) Determine leverage ratio, debt ratio , time interest earned ratio and explain what
Pare Plumbing Products Ltd. reported the following data in 2020 (in millions)
Determine
- leverage ratio,
- debt ratio ,
- time interest earned ratio and
- explain what those ratio values mean.
Will you be willing to lend him $1 million?
Net operating revenues Operating expenses. Operating income... Non-operating items: Interest expense Other Net income... Total assets... Total shareholders' equity. $ 2020 31.4 26.7 4.7 (0.8) (0.5) $ 3.4 $ 150.0 51.0
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Step: 1
Leverage Ratio The leverage ratiow is calculated by dividing total liabilities by totale shareholder...
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Financial accounting
Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom
9th edition
978-0132751216, 132751127, 132751216, 978-0132751124
