11. Refer to the following selected financial information from Shakley's Incorporated. Compute the company's times interest earned for Year 2. Net sales Cost of goods sold Interest expense Net income before tax Net Income after tax Total assets Total liabilities Total equity Year 2 $ 482,000 277,000 10,400 67,950 46,750 318,500 177,900 140,600 Year 1 $ 426,950 250,820 11,400 53,380 40,600 292,200 168,000 124,200 7.5. 5.5. 13.5. 6.5. 4.5