Quote Originally Posted by LiL PaKi
2. Provide your evaluation of Tootsie Tolls’ liquidity
^--- dunno what ur prof wants..

3. (1) Debt to Total Assets Ratio: Total Liabilities / Total Assets

2004: 241,574 / 811,753 = 0.30 to 1 <-- if its a ratio you have to have it in ratio format

2003: 128,716 / 665,297 = 0.196 to 1 <-- i dunno how many decimals she wants

^--- you flipped the equation when u typed it up i guess

(2) Times Interest Earned Ratio: (net income+ interest expense+ tax expense) / interest expense

2004: (64,174+912 + 30,514) / 912 = 104.82 to 1

2003: (65,014 + 172 +32,933) / 172 = 570.46 to 1

^--- i figured it out
i can write about the liquidity and profitablility etc... i just need help with the equations

damn i must have messed that equation up when i typed it, cause its written correctly on my sheet LOL sorry