The following information was available for the year ended December 31, 2016 Earnings before interest...
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Accounting
The following information was available for the year ended December 31, 2016 Earnings before interest and taxes (operating income) Interest expense Income tax expense Net income Total assets at year-end Total liabilities at year-end $120,000 30,000 35,000 55,000 400,000 200,000 Required a. Calculate the debt ratio at December 31, 2016. (Round your answer to 1 decimal place.) Debt ratio b. Calculate the debt/equity ratio at December 31, 2016. (Round your answer to 2 decimal places.) Debt/Equity ratio times c. Calculate the times interest earned for the year ended December 31, 2016. (Round your answer to 2 decimal places.) Times interest earned times
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