Two online travel companies, E-Travel and Pricecheck, provide the following selected financial data: Required: 1. Calculate the

Question:

Two online travel companies, E-Travel and Pricecheck, provide the following selected financial data:

Two online travel companies, E-Travel and Pricecheck, provide the following

Required:
1. Calculate the debt to equity ratio for E-travel and Pricecheck. Which company has the higher ratio?
2. Calculate the times interest earned ratio for E-travel and Pricecheck. Which company is better able to meet interest payments as they become due?

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Related Book For  book-img-for-question

Financial Accounting

ISBN: 978-0078025549

3rd edition

Authors: J. David Spiceland, Wayne Thomas, Don Herrmann

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