Question

Fortress Paper Ltd. operates internationally in three distinct business segments: dissolving pulp, specialty papers, and security paper products. The statement of financial position and statement of income (statement of operations) from Fortress’s 2013 annual report are presented in Exhibits 10-16A and B.
Required:
a. Calculate the debt to equity ratio, the net debt as a percentage of total capitalization ratio, and the interest coverage ratio for 2013 and 2012.
b. Identify the major factors that contributed to the changes in these ratios.
c. Write a short report commenting on the results of the ratio calculations that you did in part “a.” Be sure to comment from the perspectives of an existing shareholder and a potential lender of long- term debt.


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  • CreatedJune 12, 2015
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