Leon's Furniture Ltd. financial statements recently reported the following selected data (in $ millions): Total current assets.........................$

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Leon's Furniture Ltd. financial statements recently reported the following selected data (in $ millions):
Total current assets.........................$ 443
Total current liabilities.......................424
Total assets.....................................1,563
Total liabilities................................1,014
Income tax expense.............................28
Interest expense..................................19
Net income..........................................76
Calculate Leon's
(a) Current ratio,
(b) Debt to total assets ratio, and
(c) Times interest earned ratio.
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Financial Accounting Tools for Business Decision Making

ISBN: 978-1119368458

7th Canadian edition

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

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