Discuss and analyze three consecutive recent years (2019, 2020, and 2021) of two different solvency ratios for each year of BP Energy Company. Evaluate the meaning of the financial ratios in relation to the company’s future financial condition. Benchmarking the ratios is necessary. Please define your key terms and use an organized presentation of introduction; discussion and analysis; conclusions; and references.
Solvency Ratios are:
Times Interest Earned Ratio
Debt to Equity Ratio