Question: Molson Coors Brewing Company reported the following selected data at December 31, 2011 (in US$ millions): Total assets...........................................$12,423.8 Total liabilities..........................................4,733.6 Interest expense..........................................118.7 Income tax expense........................................99.4
Molson Coors Brewing Company reported the following selected data at December 31, 2011 (in US$ millions):
Total assets...........................................$12,423.8
Total liabilities..........................................4,733.6
Interest expense..........................................118.7
Income tax expense........................................99.4
Profit.......................................................677.1
Calculate the company's
(a) Debt to total assets, and
(b) Interest coverage ratios.
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