Question: Do all calculations using 9 decimal places, retain the 9 decimal places throughout the calculations, then when you report answers round to 2 decimal places.

 Do all calculations using 9 decimal places, retain the 9 decimal
places throughout the calculations, then when you report answers round to 2
decimal places. Examples: If the answer is in years: i.e. 9.5576 report

Do all calculations using 9 decimal places, retain the 9 decimal places throughout the calculations, then when you report answers round to 2 decimal places. Examples: If the answer is in years: i.e. 9.5576 report 9.56 years. If the answer is in dollars, i.e., $56.987.555 report to the nearest cent $56,987.56. If the answer is in percentage terms I.e., 10.4478% report 10.45% If the answer is in times i.e., 4.783 report 4.78 times. You need to be very precise with rounding and reporting. For instance, if the answer is 9 times you must report 9.00, the homework grading program will count 9 as incorrect, it would count 9.0 as incorrect, everything must be carried or rounded to two decimal places. Another example, if the answer is $48,000, you must report 48,000.00. Problems 1-4 use the following balance sheet and income statement data: Got It Right Corporation Balance Sheots as of December 31, PY and CY Problem 3: Calculate the following Long-term solvency ratios for Got It Right. (Use year-end figures rather than average values when appropriate) 3a. The Total Debt Ratio for the year PY is times. 3a. Points: 2 3b. The Debt-Equity Ratio for the year PY is times. 3b. Points: 2 3c. The Equity Multiplier for the year PY is times. 3c. Points: 2 3d. The Times Interest Earned Ratio for the year CY is times. 3d. Points: 2 30. The Cash coverage ratio for the year CY is times. 3e. Points: 2 Problem 4: Calculate the following Profitability ratios for Got It Right. (Use year-end figures rather than average values when appropriate) 4a. The Profit margin for the year CY is % 4a. Points: 3,34 4b. The Return on assets for the year CY is % 4b. Points: 3.33 4c. The Return on equity for the year CY is % 4c. Points: 3.33

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