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AsAp SmartCo. has the following selected information for 20x6 and 20x7: Interest expense Incone taxes Cash flow from operations Finance lease payments Principal repayments 20x2

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SmartCo. has the following selected information for 20x6 and 20x7: Interest expense Incone taxes Cash flow from operations Finance lease payments Principal repayments 20x2 20X6 $ 42,200 $ 50, 100 $206,900 $281,500 $579,100 $828,580 $297,400 $594,000 $166,800 $258,662 The company pays taxes at the rate of 21% Required: a. Calculate the times-debt-service-earned ratio for 20x6 and 20x7 (Use 365 days in a year. Do not round your intermediate calculations and round your final answers to 1 decimal place.) 20X1 200 Times-det-service-earned b. Not available in connect

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