Question: Amber Ltd. increased its debt to total assets ratio from 40% to 60% over the past year and its times interest earned ratio rose from

Amber Ltd. increased its debt to total assets ratio from 40% to 60% over the past year and its times interest earned ratio rose from 3.0 times to 3.8 times. Meanwhile, Baxter Inc. also increased its debt to total assets ratio by the same amount but its times interest earned ratio fell. Explain how this is possible.

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