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please explain in detail At May 31, 2019. Mishra Corporation reported the following amounts (in millions) in its financial statements: 6 Total Assets Total Liabilities
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At May 31, 2019. Mishra Corporation reported the following amounts (in millions) in its financial statements: 6 Total Assets Total Liabilities Interest Expense Income Tax Expense Not Income 2019 $ 58,000 31,320 626 2018 $ 56,000 20,000 570 225 4,672 120 10 points 600 ebook Required: 1. Compute the debt-to-assets ratio and times interest earned ratio for 2019 and 2018 2-o. In 2019, were creditors providing a greater (or lessen) proportion of financing for Mishra's assets? 2-b. In 2019. was Mishra more or less) successful at covering its interest costs, as compared to 2018? PA References Complete this question by entering your answers in the tabs below. Reg 1 Req 2A Reg 28 Compute the debt-to-assets ratio and times interest earned ratio for 2019 and 2018 (Round your answers to 2 decimal places.) 2019 2018 Dobito Assets Times Interest Ennod Ratio Homework 10 At May 31, 2019, Mishra Corporation reported the following amounts (in millons) in its financial statements: 6 Total Assets Total abilities Interest Expense Income Tax Expense it into 2019 $5,000 *1,120 636 120 600 2010 $ 56,000 20.000 570 225 4.67) 10 points Required: 1. Compute the debt to assets ratio and times interest eamed ratio for 2019 and 2018 2-o. In 2019, were creditors providing a greater for lesser) proportion of financing for Mishra's assets? 2.b. In 2019, was Mishra more for loss) successful at covering its interest costs, as compared to 2018? Part RENCE Complete this question by entering your answers in the tabs below. Rea 1 Ree24 Ren 20 In 2010, were creditors providing a greater (or lesser) proportion of Financing for Misivas es? Creator Lor Al May 31 2019, Misha Corporation reported the following amounts in millions) in its financial statements 6 2012 $55,00 2013 $ 56,000 23.000 570 Total Ante Yotalt Taupente Intense Net Income 10 GOD Required: 1. Compute the debt to assets atio and times interest earned ratio for 2019 and 2018 2.6. In 2019 were creditors providing a greater for lessen proportion of financing for Mishra's assets? 2-b. In 2019 was Mishra more for less successful of covering its interest costs, as compared to 2018? Complete this question by entering your answers in the tabs below. Hea RngA 25 In 2019, was Masha (or less) successful at covering its interest costs, as compared to 2016 More Step by Step Solution
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