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Calculate the times interest earned for the year ended

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Reference no: EM132966812

Question - The following information was available for the year ended December 31, 2019:

Earnings before interest and taxes (operating income) $90,000

Interest expense 20,000

Income tax expense 25,000

Net income 45,000

Total assets at year-end 300,000

Total liabilities at year-end 160,000

Required -

1. Calculate the debt ratio at December 31, 2019.

2. Calculate the debt/equity ratio at December 31, 2019.

3. Calculate the times interest earned for the year ended December 31, 2019.

Reference no: EM132966812

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