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Tobert Plumbing Products Lld reported the following data in 2018 (in milions) Click the icon to viow the financial statements) Computo Tolbortis leverage ratio debt

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Tobert Plumbing Products Lld reported the following data in 2018 (in milions) Click the icon to viow the financial statements) Computo Tolbortis leverage ratio debt ratio and times interest earned fatio, and write a sentence to explain what those ratio values mean Use year and figures in place of avenges where needed for the purpose of calculating the ratios Would you be willing to lend Tolbert 1 milion? Why or why not? (Enteral amounts in millions) First compute Tolbert's leverage rato Determine the formula for the leverage ratio Thon enter the amounts to calculate the leverage ratio (Round your answer to two decimal places. XXX Leverage ratio (Enter dollar amount to the nearest cent) This means that Tolbert hess of Now determine the formula for the debt ratio Then enter the amounts to calculate the debt ratio (Round your answer to two decimal places, XXX) Det ratio Enter dollar amount to the nearest cent This means that obert has s 0 Now determine the formula for the debt ratio Then enter the amounts to calculate the debt ratio (Round your answer to two decimal places, XXX) Debt ratio (Enter dollar amount to the nearest cent) This moans that Tolbert has $ of Determine the formula for the times interest oamed ratio Then enter the amounts to calculate the debt ratio (Round your answer to two decimal places XXX) Time interest earned ratio 1 (Enter dollar amount to the nearest cent) This means that for every dollar of Tolbert has earned S of Would you be willing to lend Tolbert $1 million State your reason Tolbert's debt ratio is Vand the company its existing interest expense! be willing to lend Tolbert $1 million - X Data Table 2018 Net operating revenues $ 28.9 24.2 Operating expenses Operating income 4.7 Nonoperating items: Interest expense (0.8) (0.2) Other $ 3.7 Net income. $ 150.0 Total assets 57.0 Total stockholders' equity Print Done

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