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E10-10(Algo) Calculating and Interpreting the Debt-to-Assets Ratlo and Times Interest Earned Ratio [LO 10-5]...

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Accounting

E10-10(Algo) Calculating and Interpreting the Debt-to-Assets Ratlo and Times Interest Earned Ratio [LO
10-5]
At May 31,2019. Bailey-Reed Group reported the following amounts (in millions) in its financial statements:
Required:
Compute the debt-to-assets ratio and times interest earned ratio for 2019 and 2018.
2-a. In 2019, were creditors providing a greater (or lesser) proportion of financing for Bailey-Reed's assets?
2-b. In 2019, was Bailey-Reed more (or less) successful at covering its interest costs, as compared to 2018?
Answer is not complete.
Complete this question by entering your answers in the tabs below.
Compute the debt-to-assets ratio and times interest earned ratio for 2019 and 2018.(Round your answers to 2 decimal
places.)
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