The Following Information Was Available for the Year Ended December

question 5

Essay

The following information was available for the year ended December 31, 2016:
Required:
(a.) Calculate the debt ratio at December 31, 2016.(b.) Calculate the debt/equity ratio at December 31, 2016.(c.) Calculate the times interest earned for the year ended December 31, 2016.

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Definitions:

Remainder Operator

An operator in programming that returns the remainder left over when one operand is divided by a second operand.

Operand

An entity on which operators perform operations, including values, variables, and expressions.

Assignment Statement

A programming instruction that assigns a value to a variable.

Initialization Statements

Initial setup commands in a program that set variables to their default values.