Question: P 7 - 10 Consecutive five - year balance sheets and income statements of Laura Gibson Corporation are shown below and on the following page.

P 7 - 10 Consecutive five - year balance sheets and

P 7 - 10 Consecutive five - year balance sheets and income statements of Laura Gibson Corporation are shown below and on the following page. Required a. Compute the following for the years ended December 31, 2007 - 2011: 1. Times interest earned 2. Fixed charge coverage 3. Debt ratio 4. Debt/equity ratio 5. Debt to tangible net worth b. Comment on the debt position and the trends indicated in the long - term debt - paying ability

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