You also know that the outstanding debt has been constant over the past few years. 2021 2022 Assets 1500 Debt 1000 ◆ 1602.41 1000 Equity 500 602.41 Sales 300 357.0 COSTS(incl DA) 57.0 67.83 EBIT 243.0 289.17 Interest 110.0 110.0 EBT 133.0 179.17 Taxes 30.59 41.21 EAT 102.41 137.96 1. Find the leverage ratio in 2022: 2. Find the asset turnover for 2022:

You also know that the outstanding debt has been constant over the past few years. 2021 2022 Assets 1500 Debt 1000 ◆ 1602.41 1000 Equity 500 602.41 Sales 300 357.0 COSTS(incl DA) 57.0 67.83 EBIT 243.0 289.17 Interest 110.0 110.0 EBT 133.0 179.17 Taxes 30.59 41.21 EAT 102.41 137.96 1. Find the leverage ratio in 2022: 2. Find the asset turnover for 2022:

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 3P

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