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Baker Plumbing Products Lid. reported the data that follows in 20x (in millions). Compute Boker's leverage ratio, debt ratio, and times-interest-oarned ratio, and explain what those ratio values mean. Would you be willing to lend Baker $1 milion? State your reason. Complete the following sentence and answer the question. (Round your answer to the nearest cont.) Determine the formula for the times-interest-earned ratio. Then, complate the formula, and calculate the times-interest-earned ratio. (Enter amounts in millions as provided in the problem statement, XX. Round your answer to two decirnal places.) Complete the following sentence. This means that the times-interest-earned ratio amount Answer the following question. (Round your answer to the nearest cent) What is the fimes-interett-earned retio temount? Would you be willing to lend Baker $1 million? Select your reason. Bakert debt ritio is and the comparty its existing interest expense. be willing to lend Baker $1 million roducts Ltd. reported the data that follows in 20XX (in millions). statepeents. leverage ratio, de Would you be willing to lend Financial Statements ies + Tots + wing sentence ar r has the debt rati int for every dollar mula for the times problem statemer ing to lend Baker $1 million? Select your reason. is and the company its existing interest expense. be willing to lend Baker \$1 mi

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