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Question 3. Debt Utilization Ratio Below are the ratios of Gray Night Company in 2018 2018 7 marks) Debt to Total equity Time interest earned

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Question 3. Debt Utilization Ratio Below are the ratios of Gray Night Company in 2018 2018 7 marks) Debt to Total equity Time interest earned 0.75 stry average 0.70 13 ratio 1.4 a. Indicate whether the Debt to Total equity & time interest ear ratios are Tavorable/unfavorable compared to the industry average and why. (2 mark b. Explain what Debt to total equity ratio means to the company (2 marks) What does time to interest eanis ratio means to the company. d. Recommend what m y Recommend what company stald do to improve time interest earned ratio and Deo to total equity ratio. (1 marks)

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