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8 The following information was available for the year ended December 31, 2019: 12.5 points Earnings before interest and taxes (operating income) Interest expense Income
8 The following information was available for the year ended December 31, 2019: 12.5 points Earnings before interest and taxes (operating income) Interest expense Income tax expense Net income Total assets at year-end Total liabilities at year-end $ 87,000 19,000 24,000 44, eee 290, eee 156, eee Skipped eBook Required: a. Calculate the debt ratio at December 31, 2019. (Round your answer to 1 decimal place.) b. Calculate the debt equity ratio at December 31, 2019. (Round your answer to 2 decimal places.) c. Calculate the times interest earned for the year ended December 31, 2019. (Round your answer to 2 decimal places.) Hint Print 9% a. Debt ratio times b. Debt/Equity ratio e mes interest earned times References
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