a.Using the financial statements for GMT Enterprises for 2010 (given below),calculate the return on equity,the debt ratio,and the times interest earned ratio. b.Suppose the industry average debt ratio is 50%.Give one reason why the debt ratio for GMT Enterprises may be considered favorable,and give one reason why the debt ratio for GMT Enterprises may be considered unfavorable. GMT Enterprises 2010 Financial Statements 
Definitions:
Charles Spearman
A psychologist known for his work in statistics and intelligence, including the theory of general intelligence (g factor).
General Intelligence
The theory suggesting the existence of a single, underlying intellectual capacity that influences performance across various cognitive tasks.
Mental Age
A measure of an individual's mental attainment based on the age at which it is normal to reach a certain level of mental development.
Binet Test
An intelligence test developed by Alfred Binet, used to determine an individual's mental age and intellectual development.
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