What hhf long-term debt to equity ratio is

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Reference no: EM133011448

Recent financial statement date for Harmony Health Foods (HHF) Inc. is shown below.

Current liabilities $180 Income before interest and taxes $125
10% Bonds, long-term 360 Interest expense 36
Total liabilities 540 Income before tax 89
Shareholders' equity: Income tax 27
Common stock 200 Net income $62
Retained earnings 280
Total shareholders' equity 480
Total liabilities and equity $1,020

Problem 1: HHF's debt to equity ratio is (Round your answer to two decimal places.):

a. 0.75

b. 1.13

c. 0.53

d. 1.80

Problem 2: HHF's times interest earned ratio is (Round your answer to two decimal places.):

a. 3.47

b. 1.73

c. 2.47

d. 10.0

Problem 3: HHF's long-term debt to equity ratio is

a. 133.3%

b. 75%

c. 180%

d. 0%

Reference no: EM133011448

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