Franco Corporation reports the following selected financial statement information at December 31, 2010: 
Instructions
Calculate the debt to total assets and times interest earned ratios.
Definitions:
Expected Inflation
The anticipated rate at which the general level of prices for goods and services will rise over a period.
Internal Rate
Often referred to as the internal rate of return (IRR), it is the discount rate that makes the net present value (NPV) of all cash flows from a particular project zero.
Net Present Value
A financial metric used to evaluate the profitability of an investment or project, calculated by subtracting the present value of cash outflows from the present value of cash inflows over a period of time.
Payback Period
The amount of time it takes for an investment to generate cash flows sufficient to recover its initial cost.
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