Question: 4.14 Required: (a)Use the data in Problem and Case 4.11. Calculate the leverage ratio and the times interest earned ratio for Creative Advertising Limited for

4.14 Required: (a)Use the data in Problem and Case 4.11. Calculate the leverage ratio and the times interest earned ratio for Creative Advertising Limited for 2010. Treat the preferred shares the same as long-term debt as they can be converted into an equal amount of debt. (b)What can you conclude from these ratios? please provide the data.

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