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3. Debt Management Ratios Ratio Debt Ratio Formula 2022 Total Liabilities 182957/424374 Total Assets 0.431 Interest Coverage Ratio EBIT Interest Expense = (34963+1410)/ 1410 25.796 2021 2020 =156608/393802 =152074/374247 0.398 0.406 = (47052+2987)/ = (33998+684)/ 684 2987 16.752 50.705

3. Debt Management Ratios Ratio Debt Ratio Formula 2022 Total Liabilities 182957/424374 Total Assets 0.431 Interest Coverage Ratio EBIT Interest Expense = (34963+1410)/ 1410 25.796 2021 2020 =156608/393802 =152074/374247 0.398 0.406 = (47052+2987)/ = (33998+684)/ 684 2987 16.752 50.705

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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3. Debt Management Ratios Ratio Debt Ratio Formula 2022 Total Liabilities 182957/424374 Total Assets 0.431 Interest Coverage Ratio EBIT Interest Expense = (34963+1410)/ 1410 25.796 2021 2020 =156608/393802 =152074/374247 0.398 0.406 = (47052+2987)/ = (33998+684)/ 684 2987 16.752 50.705
Transcribed Image Text:3. Debt Management Ratios Ratio Debt Ratio Formula 2022 Total Liabilities 182957/424374 Total Assets 0.431 Interest Coverage Ratio EBIT Interest Expense = (34963+1410)/ 1410 25.796 2021 2020 =156608/393802 =152074/374247 0.398 0.406 = (47052+2987)/ = (33998+684)/ 684 2987 16.752 50.705
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