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From the income statement: Other income/expense Interest expense Income tax Net income S110,000 40.000 50,000 52,000 From the balance sheet: Current liabilities Long-term debt Deferred

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From the income statement: Other income/expense Interest expense Income tax Net income S110,000 40.000 50,000 52,000 From the balance sheet: Current liabilities Long-term debt Deferred income taxes Total Liabilities Preferred stock Common stock Premium on common stock Retained earnings Total Stockholders' Equity Total Liabilities & Stockholders Equity $75,000 365,000 10,000 $450,000 70,000 150,000 180,000 230,000 S630,000 12. What is the Times Interest Earned ratio? 13. What is the Debt/Assets (Debt) ratio? 14. What is the Debt/Equity ratio

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