Homework Answers
(a)
current ratio = current assets/current liabilities
= $3500/$2000 = 1.75
(b)
operating return on assets = operating profit/total assets
= $1700/$8000 = 21.25%
(c)
times interest earned = operating profit/interest expense
= $1700/$367 = 4.63 times
(d)
debt ratio = total debt/total assets
= ($2000 + $2000)/$8000
= 0.50 or 50%
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