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es Selling and administrative expenses: Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes
es Selling and administrative expenses: Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes Net income Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings Required: Compute the following financial ratios for this year: 1. Times interest earned ratio. 2. Debt-to-equity ratio. 3. Equity multiplier. (For all requirements, round your answers to 2 decimal places.) 1. Times interest earned ratio 2 Debt-to-equity ratio 3. Equity multiplier 19.20 0.57 10,700 7,400 18,100 16,900 880 16,020 6,408 9,612 240 9,372 36,242 $ 45,614 10,300 6,400 16,700 10,300 880 9,420 3,768 5,652 450 5,202 31,040 $36,242
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