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2 Consider the following Information: $ 22,200 169, 100 68,300 102,800 30,000 $392,400 Ook GEITE Ftab and tackle. Inal Balance Sheet At. December 31, 2018
2 Consider the following Information: $ 22,200 169, 100 68,300 102,800 30,000 $392,400 Ook GEITE Ftab and tackle. Inal Balance Sheet At. December 31, 2018 Assets Cash Accounts Receivable (less allowance) Inventories Property, plant and Equipment Long-term Investments Total Anseta zabilities Accounts Payable Current portion of Long-Term Debt Long-Term Notes Payable Total Liabilities stockholders' Equity Contributed Capital Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity $ 49,200 68,800 100,000 218,000 rences 100,000 24,400 174,400 $392,400 GTI and Tackle, The Income Statement For the year ending December 31, 2018 Sales Revenue $2,765,000 Operating Expenses Salaries and Wages Expense 1,330, 500 Operating and Admin, Expenses 286,700 Depreciation Expense 335.400 Operating Expenses 2672 600 Operating Income 2927400 Other Expenses Interest Expense 12,000 Income Before Income Tax Expense 275 100 Income Tax Expense 103, 800 Net Income 121,600 Required: Calculate the debt-to-assets ratio and the times interest earned. (Round your answers to 2 decimal Debt-to-Assets Ratio Times Interest Eamed
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