Intro Use the following information to answer the questions: Assets Cash Marketable securities Accounts receivable Inventory Current assets Machines Real estate Net fixed assets Total assets Liabilities and Equity 8,000 Accounts payable 16,000 2,000 Notes payable 6,000 7,000 Current liabilities 22,000 29,000 Long-term debt 95,000 46,000 Total liabilities 117,000 34,000 Paid-in capital 20,000 80,000 Retained earnings 23,000 114,000 Equity 43,000 160,000 Total liab. & equity 160,000 Line item Value Sales 72,000 Costs 59,040 - Depreciation 2,000 - EBIT 10,960 - Interest 800 = Taxable income 10,160 Taxes 3,353 = Net income 6,807 Part 1 - Attempt 1/3 for 10 pts. What is the times-interest-earned ratio? 1+ decimals Submit