Question: Exercise 9-89 (Algorithmic) Ratio Analysis Rising Stars Academy provided the following information on its 2019 Sheet and Statement of Cash Flows: Long-term debt $ 4,400
Exercise 9-89 (Algorithmic) Ratio Analysis Rising Stars Academy provided the following information on its 2019 Sheet and Statement of Cash Flows: Long-term debt $ 4,400 Total liabilities Interest expense Net income Interest payments 8,122 38,775 803 Total assets Total equity 29 Cash flows from operations Operating income 1,223 Income tax expenses Income taxes paid 150 Required: Calculate the following ratios for Rising Stars Academy. Round your answers to three decimal places. a. Debt to equity 0.273 b. Debt to total assets 0.209 c. Long-term debt to 0.148 d. Times interest earned 3.073 e. Times interest earned
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