Question

The most recent financial statements for a large Canadian furniture and appliance rental chain show that its debt ratio was 0.256 and its debt-to-equity ratio (D/E) was 0.073. At the end of year 2, was Finns’ Fridges more or less leveraged than this major competitor?
Finns’ Fridges is a company created by twin brothers David and Douglas Finn, who rented small refrigerators to other students in their college dormitory. Use the following statements to answer the questions about Finns’Fridges.


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  • CreatedFebruary 25, 2015
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