Rhodes Bakery The Balance Sheet Taken from the Company's 2020 10-K Is

Essay

Rhodes Bakery
The balance sheet taken from the company's 2020 10-K is provided below:
-Refer to Rhodes Bakery. Calculate the following debt management ratios for 2020 and 2019: Times Interest Earned Ratio, Long-Term Debt-to-Equity Ratio, Debt-to-Equity Ratio, Long-Term Debt-to-Assets Ratio, and Debt-to-Assets Ratio. Income from operations were $65,000 and $49,000 and interest expense was $26,000 and $1,750 for 2020 and 2019, respectively. Round your answers to two decimal places. Comment on the company's debt management.