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The following data have been gathered from the financial statements of Hifly Corporation: Calculate the times interest earned ratios for year 2019 and 2020. Is
The following data have been gathered from the financial statements of Hifly Corporation: Calculate the times interest earned ratios for year 2019 and 2020. Is company more or less able to meet its interest payment in year 2020 when measured this way? (5 marks) The MNC manufacturing company has total assets of RM15 million, an asset turnover of 2.0 times, and net profit margin of 15%. i) What is MNC's return on assets? (4 marks) ii) Find MNC's ROE, given that 45% of the assets are financed with stockholders' equity. (4 marks)
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