Question - Consecutive five-year balance sheets and income statements of Laura Gibson Corporation are shown ** Compute 2009 only**
Required
a. Compute the following for the years ended December 31, 2005-2009:
1. Times interest earned
2. Fixed charge coverage
3. Debt ratio
4. Debt/equity ratio
5. Debt to tangible net worth
b. Comment on the debt position and the trends indicated in the long-term debt-paying ability.
Attachment:- Balance sheets and Income statements.rar