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napter 10 Homework Help Save & Exit Submit The balance sheet for Shaver Corporation reported the following cash, $13.500; sho
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Answer #1

Debt to assets ratio = Total Debt / Total Asset

Total Assets = $13,500 + $18,500 + $52,000 + $57,000 + $18,500 + $111,000 = $270,500

Total Debt = $57,000 + $87,000 = $144,000

Debt to assets ratio = $144,000 / $270,500 = 0.53

Debt to assets ratio = 0.53

Times Interest earned ratio = Earnings before interest & taxes / Interest Expense

= ($10,380 + $7,800) / $7,800 = 2.33 times

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