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Deacon Corporation has provided the following financial data from its balance sheet and income statement: Year 2 Year 1 1,2 1,2 Total assets $
Deacon Corporation has provided the following financial data from its balance sheet and income statement: Year 2 Year 1 1,2 1,2 Total assets $ 43, $ 00, 000 000 488 481 Total liabilities $,00 $,00 0 0 755 719 3 Total stockholders' equity $,00 $,00 36 Net operating income (income before 69, interest and taxes) 612 33, 39 Interest expense 000 The company's times interest earned ratio for Year 2 is closest to: A) 1.11 B) 2.11
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