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Which of the following is an accurate statement regarding a company's ability to meet its long-term ...

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Which of the following is an accurate statement regarding a company's ability to meet its long-term ...

Which of the following is an accurate statement regarding a company's ability to meet its long-term debt obligations?

▸ If the debt-to-equity ratio is too high, it may indicate that the company has used up its borrowing capacity.

▸ If the debt-to-equity ratio is too high, it may mean that available leverage is not being used to the owners' benefit.

▸ The times interest earned ratio indicates if a company can make its principal and interest payments.

▸ The key ratios that are used to measure a long-term solvency are debt to equity, return on assets, and times interest earned.

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Auditing and Assurance Services

Edition: 17^th

Authors: Arens, Elder, Beasley, Hogan

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calcrismore Author

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I appreciate what you did here, answered it right Smiling Face with Open Mouth

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