The financial statements for Limited Brands, Inc. follow (fiscal years ending January):

-Use Limited Brands,Inc.'s financial statements,above,to answer the following question.Use the company's operating profit as an approximation of its EBIT,and assume a 40% tax rate for your calculations.For the fiscal years ending in January of 2006 and 2007,calculate:
a)Limited Brands' total liabilities-to-equity ratio;
b)Times interest earned ratio; and
c)Times burden covered.

Question

The financial statements for Limited Brands, Inc. follow (fiscal years ending January):
  
-Use Limited Brands,Inc.'s financial statements,above,to answer the following question.Use the company's operating profit as an approximation of its EBIT,and assume a 40% tax rate for your calculations.For the fiscal years ending in January of 2006 and 2007,calculate:
a)Limited Brands' total liabilities-to-equity ratio;
b)Times interest earned ratio; and
c)Times burden covered.

Quizplus · Accepted Answer

The Answer of The financial statements for Limited Brands, Inc. follow (fiscal years ending January):
  
-Use Limited Brands,Inc.'s financial statements,above,to answer the following question.Use the company's operating profit as an approximation of its EBIT,and assume a 40% tax rate for your calculations.For the fiscal years ending in January of 2006 and 2007,calculate:
a)Limited Brands' total liabilities-to-equity ratio;
b)Times interest earned ratio; and
c)Times burden covered.

The Financial Statements for Limited Brands, Inc