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from 6076% in 2003 to 517% in 2007) which shows constant paying out of debt by company and issue of equity in recent years which leads to reduction in fixed debt cost.
Debt ratio of the company which is proportion of the debt to total funds (i.e. debt/equity +debts).in case of imperial tobacco the proportion of debt is decreasing which leads to reduction of debt ratio.
Asset Turnover (times)
The activity ratios mainly explain about the efficiency by which company performs its functions...
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