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
Debt to equity ratio= Debt/Equity
Debt ratio= Debt/Assets
Hence Equity=100%-Debt ratio
Solution helps in calculating the Debt-to-Equity ratio for Phoenix Company for all five years