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.
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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