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The classified balance sheet and selected income statement data for Updike, Inc., as of December 31, 2018, are presented next (Click the icon to
The classified balance sheet and selected income statement data for Updike, Inc., as of December 31, 2018, are presented next (Click the icon to view the classified balance sheet) (Click the icon to view the selected income statement data) Read the requirements Requirement 1. Calculate Updike, Inc.'s debt ratio and interest coverage ratio as of December 31, 2018. Round to two decimal places Begin by calculating Updike, Inc.'s debt ratio. Select the formula and then enter the amounts to calculate the ratio (Abbreviation used EBIT Earnings before interest and taxem Long-term debt Total assets Debt ratio Now calculate Updike, Inc.'s interest coverage ratio. Select the formula and then enter the amounts to calculate the ratio. (Abbreviation used EBIT Eamings before interest am Interest coverage ratio Requirement 2. What percentage of Updike, Inc.'s assets belong to the stockholders? (Enter the amount as a whole percent, X%) % of the company's assets belong to the stockholders
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