Question: Calculating Leverage Ratios Tag Corp. reported the following amounts (in millions) in a recent Form 10-K. Total assets $22,277 Total liabilities 16,993 Total noncurrent liabilities

Calculating Leverage Ratios

Tag Corp. reported the following amounts (in millions) in a recent Form 10-K.

Total assets $22,277
Total liabilities 16,993
Total noncurrent liabilities 7,773
Total stockholders' equity 8,116
Total earnings 986
Interest expense 563
Net earnings before taxes and interest 2,537

Compute the following ratios.

Note: Enter the answers rounded to two digits after the decimal; for example, enter 1.42 for 1.424, or 1.43 for 1.425

a. Total liabilities-to-equity Answer
b. Total liabilities-to-total assets Answer
c. Times interest earned Answer

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