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Penjana Berhad has total assets of RM100 million, current liabilities of RM5 million, long term debt of RM50 million and total equity of RM45 million.
Penjana Berhad has total assets of RM100 million, current liabilities of RM5 million, long term debt of RM50 million and total equity of RM45 million. The company also has operating expenses of RM32 million with interest expenses of RM9 million. Based on the information above, calculate
: i. Calculate debt ratio.
ii. Calculate time interest earned.
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