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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
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 $ 1,226,000 $ 479,000 $ 747,000 $ 69,127 $ 27,000 Year 1 $ 1,190,000 $ 476,000 $ 714,000 Multiple Choice O 3.56 1.56 2.56 0.67
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