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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 | 9,942 | 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)
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