Appraise the long-term solvency ratios as given in the table over the last three years in words.
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Question:
Appraise the long-term solvency ratios as given in the table over the last three years in words. The presentation of your answer should be well-organized, impactful.
The long-term solvency ratios are as follow:
Long-term solvency ratios | For the Fiscal Period Ending Dec-31-2020 | For the Fiscal Period Ending Dec-31-2021 | For the Fiscal Period Ending Dec-31-2022 |
Total Debt Ratio | 0.72 times | 0.64 times | 0.57 times |
Debt/Equity Ratio | 2.55 times | 1.81 times | 1.32 times |
Equity Multiplier | 3.55 times | 2.81 times | 2.32 times |
Times Interest Earned | 5.97 times | 8.09 times | 7.88 times |
What is the net value income of above points?
Related Book For
Fundamental financial accounting concepts
ISBN: 978-0078025365
8th edition
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
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