Tim Hortons Inc. reported a debt to total assets ratio of 32.2% and times interest earned ratio

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Tim Hortons Inc. reported a debt to total assets ratio of 32.2% and times interest earned ratio of 41.1 times at the end of its second quarter in 2013. The industry averages at the time were 39.3% and 55.6 times, respectively. Is Tim Hortons' solvency better or worse than that of the industry?
Solvency
Solvency means the ability of a business to fulfill its non-current financial liabilities. Often you have heard that the company X went insolvent, this means that the company X is no longer able to settle its noncurrent financial...
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Related Book For  answer-question

Financial Accounting Tools for Business Decision Making

ISBN: 978-1118644942

6th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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