Refer to Rhodes Bakery

question 183

Essay

Refer to Rhodes Bakery. Calculate the following debt management ratios for 2015 and 2014: Times Interest Earned Ratio, Long-Term Debt-to-Equity Ratio, Debt-to-Equity Ratio, Long-Term Debt-to-Assets Ratio, and Debt-to-Assets Ratio. Income from operations were $65,000 and $49,000 and interest expense was $26,000 and $1,750 for 2015 and 2014, respectively. Round your answers to two decimal places. Comment on the company's debt management.

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