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Category > Management Posted 20 Dec 2017 My Price 10.00

Deacon Corporation's balance sheet and income statement:

 

.......

Deacon Corporation has provided the following financial data from its balance sheet and income statement:

 

  Year 2 Year 1
  Total assets $1,226,000   $1,185,000  
  Total liabilities $492,000   $485,000  
  Total stockholders' equity $759,000   $722,000  
  Net operating income (income before interest and taxes) $69,903    
  Interest expense $35,000    

 

The company's times interest earned for Year 2 is closest to?

 

Answers

CourseLover
(12)
Status NEW Posted 20 Dec 2017 08:12 AM My Price 10.00

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