Using the Annual Report of MGM RESORTS answer the following questions in the Discussion: What is the
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Question:
Using the Annual Report of MGM RESORTS answer the following questions in the Discussion:
- What is the breakdown of the company's current liabilities at year end?
- Calculate the company's times-interest-earned ratio for the year end. What does this tell you about the company?
- How much was the company's long-term debt at year end?
- Compute the company's debt to equity ratio at year end. How does it compare to the industry? What does this tell you about the company?
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