Homework Answers
| Geomorph Trading | |
| a. Debt-equity ratio = Total liabilities / Total equity = ( 70 + 270 + 90 ) / 210 | 2.05 |
| b. | |
| Total capital = Long term debt + Equity = 270 + 210 | 480 |
| Long-term debt to capital ratio = Long term debt / Total capital = 270 / 480 | 0.56 |
| c. Net working capital = Current assets - Current liabilities = 120 - 70 | 50 |
| d. Current ratio = Current assets / Current liabilities = 120 / 70 | 1.71 |
| Lever Age | |
| Interest = Debt * Rate = 10800000 * 10% | 1080000 |
| a. Times interest earned ratio = EBIT / Interest = 1800000 / 1080000 | 1.67 |
| b. Cash coverage ratio = ( EBIT + Depreciation ) / Interest expense = ( 1800000 + 280000 ) / 1080000 | 1.93 |
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