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You have also look at its most recent income statement: Assume all balance sheet and income statement entries are in millions, except shares and earnings

You have also look at its most recent income statement:

Assume all balance sheet and income statement entries are in millions, except shares and earnings per share which are given as actual values.

Calculate the following ratios to help in determining the validity of his claims.

Debt to Assets

Debt to Equity

TIE Ratio

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