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Deacon Corporation has provided the following financial data from its balance sheet and income statement: Total assets Total liabilities Total stockholders' equity Net operating income
Deacon Corporation has provided the following financial data from its balance sheet and income statement: Total assets Total liabilities Total stockholders' equity Net operating income (income before interest and taxes) Interest expense The company's times interest earned ratio for Year 2 is closest to: Year 2 $ 1,198,000 $ 466,000 $ 732,000 $ 67,769 $ 13,000 Year 1 $ 1,160,000 $ 460,000 $ 700,000 Multiple Choice 5.21 4.21 2.74 8.02
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