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Required: 1. To assess the company's performance in terms of debt management and profitability, compute the following for this year and last year: Note: Round
Required: 1. To assess the company's performance in terms of debt management and profitability, compute the following for this year and last year: Note: Round your "Percentage" answers to 1 declmal place and other answers to 2 declmal places. a. The times interest earned ratio. b. The debt-to-equity ratio. c. The gross margin percentage. d. The retum on total assets. (Total assets at the beginning of last year were $13,060,000.) e. The retum on equity. (Stockholders' equity at the beginning of last year totaled $8,357,600. There has been no change in common stock over the last two years.) f. Is the company's financial leverage positive or negative? Requlred Informetion [The following information applies to the questions displayed below.] Lydex Company's financial statements for the last two years are as follows: The following financial data and ratios are typical of companies in Lydex Company's industry
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