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Given the following information, calculate each organization's times-interest-earned ratio and debt ratio. Which organization is in the stronger position? Seven Kingdoms Corp Snow Corp. Net
Given the following information, calculate each organization's times-interest-earned ratio and debt ratio. Which organization is in the stronger position?
Seven Kingdoms Corp Snow Corp.
Net Income $95,000 $95,000
Interest Expense $45,000 $53,000
Total Assets $950,000 $635,000
Total Liabilities $699,000 $547,000
Operating Income $235,000 $255,000
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