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Calculate debt to total assets and interest coverage ratios

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Reference no: EM133117741

Question - Dollarama reported the following selected data (in millions):

 

2017

2016

Total assets

$1,934.3

$1,863.5

Total liabilities

2,186.7

1,763.1

Profit

519.4

445.6

Income tax expense 

196.3

166.8

Interest expense 

39.9

33.0

Required - Calculate the debt to total assets and interest coverage ratios for 2017 and 2016. Did Dollarama's solvency improve, worsen, or remain unchanged in 2017?

Reference no: EM133117741

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