Question
Western World has the following selected data ($ In milllons): 1526 2021 Balance mheet data Total assats Total liabilitias $2,600 1,700 900 $2,250 1,150
Western World has the following selected data ($ In milllons): 1526 2021 Balance mheet data Total assats Total liabilitias $2,600 1,700 900 $2,250 1,150 1,100 Total stockholders' equity Income statament data Sales 840 70 Interest expense Tax expense Net income 38 95 Based on these amounts, calculate the following ratios for Western World in 2021: (Round y 1. Debt to equity ratio 2. Retum on assets ratio % 3. Times interest eamed ratio times
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Accounting Principles
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7th Canadian Edition Volume 1
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