Question
Ratio Analysis Rising Stars Academy provided the following information on its balance sheet and statement of cash flows: Long-term debt $ 4,400 Interest expense $
Ratio Analysis Rising Stars Academy provided the following information on its balance sheet and statement of cash flows: Long-term debt $ 4,400 Interest expense $ 398 Total liabilities 9,002 Net income 559 Total assets 38,775 Interest payments 432 Total equity 29,803 Cash flows from operations 1,015 Operating income 1,223 Income tax expenses 266 Income taxes paid 150 Required: Calculate the following ratios for Rising Stars Academy. Round your answers to three decimal places. a. Debt to equity fill in the blank 1 b. Debt to total assets fill in the blank 2 c. Long-term debt to equity fill in the blank 3 d. Times interest earned (accrual basis) fill in the blank 4 e. Times interest earned (cash basis) fill in the blank 5
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