Question: Following are selected ï¬nancial data (expressed in millions) for Blaske Company for 2008 and 2009. Required: (a) Compute Blaskes long-term debt to equity and times-interest

Following are selected ï¬nancial data (expressed in millions) for Blaske Company for 2008 and 2009.

Required:
(a) Compute Blaske€™s long-term debt to equity and times-interest earned ratios for 2008 and 2009.
(b) How did Blaske€™s interest coverage change over this two-year period?

Total Assets Current Assets Current Liabilities Long-Term Debt Stockholders' Equity Interest Expense Income Taxes Expense Net Income 2008 $4,781 1,606 1,483 1,090 1,365 2009 S5,052 1,709 1,279 1,490 1,461 149 25 75 56 31

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