The 2009 consolidated balance sheet and statement of earnings for Maple Leaf Foods Inc., a global food

Question:

The 2009 consolidated and statement of earnings for Maple Leaf Foods Inc., a global food processing company based in Toronto, are included in Exhibit 10-21.
Required:
a. Calculate the debt to total assets ratios and the times interest earned ratios for the years ending December 31, 2009 and 2008.
b. Identify the major factors that caused the changes in these ratios.
c. Write a short report commenting on the results of the ratio calculations in part "a." Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...