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Harrison Harrison
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6 years ago
Given the following information calculate each organizations times-interest-earned ratio and debt ratio. Which organization is in the stronger position?
   Newer   Older
Net Income   $95,000   $95,000
Interest Expense   $45,000   $53,000
Total Assets   $950,000   $635,000
Total Liabilities   $699,000   $547,000
Operating Income   $235,000   $255,000
Textbook 
Financial Accounting, Canadian Edition

Financial Accounting, Canadian Edition


Edition: 5th
Authors:
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TheSinTheSin
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6 years ago
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Harrison Author
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6 years ago
Brilliant ツ
terriroberts96
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Yesterday
Thank you, thank you, thank you!
annielin111
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2 hours ago
Thanks
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