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    Debt-to-Equity Ratio for Phoenix Company

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    1. calculate the Debt-to-Equity ratio for Phoenix Company for all five years and also calculate the Debt-to-Equity ratio applicable to Phoenix's industry sector (Industry Average)

    2. Secondly, comment on the long-term debt-paying ability of this company based on the information provided. Identify items that give you concerns about this company and its financial strengths/weaknesses.

    See attached for data

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    https://brainmass.com/business/debt-ratio/debt-to-equity-ratio-for-phoenix-company-542006

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    Debt to equity ratio= Debt/Equity

    Equity= Assets-Debt

    Debt ratio= Debt/Assets

    Hence Equity=100%-Debt ratio

    See ...

    Solution Summary

    Solution helps in calculating the Debt-to-Equity ratio for Phoenix Company for all five years

    $2.19