Business, 21.07.2021 03:10 ianbrown00121
Emma's Electronics Incorporated has total assets of $56 and total debt of $43 million. The company also has operating profits of $27 million with interest expenses of $8 million.
Required:
a. What is Emma's debt ratio?
b. What is Emma's times interest earned?
c. Based on the information above, would you recommend to Emma's management that the firm is in a strong enough position to assume more debt and increase interest expense to $10 million?
Answers: 1
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Emma's Electronics Incorporated has total assets of $56 and total debt of $43 million. The company a...
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