Consider the following information:
Required:
Part a.Calculate the debt-to-assets ratio.
Part b.Describe what the debt-to-assets ratio tells you and how to interpret it.
Part c.Calculate the times interest earned.
Part d.Comment on the results of your times interest earned analysis.
Definitions:
Capital Goods
Long-lasting goods that are used in the production of other goods or services, such as machinery, buildings, and equipment.
Consumer Goods
Goods purchased and used by consumers rather than manufacturers for producing other goods.
Wealth Of Nations
A seminal work by Adam Smith published in 1776, which is considered the foundation of modern economic theory, focusing on the factors that promote prosperity and growth in nations.
Adam Smith
An 18th-century Scottish economist and philosopher known as the father of modern economics and author of "The Wealth of Nations."
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