Marble Comic Group 2018 Statement of comprehensive income ($ in millions) Net sales $905 Less: Cost of goods sold 522 Less: General & adm. Expenses 931 Less: Depreciation 110 EBIT 180 Less: Interest paid 61 Earnings before taxes 1191 Less: Taxes 301 Net income $89 Cash Account rec. Inventory Current assets Fixed assets Marble Comic Group Statement of financial position Years ended 2017 and 2018 ($ in millions) 2017 2018 $75 $135 Accounts payable 230 214 Notes payable 240 188|Current liabilities 545 537 Long-term debt 788 890 Common stock Retained earnings $1.333 $1,427 Total liab. & equity 2017 $89 227 316 615 551 3471 $1,333 2018 $110 442 552 4401 551 380 $1,427 Total assets Marble Comics' times interest earned ratio is: Multiple Choice 4.80 0.34 195 2.95 1.46 Marble Comics' times interest earned ratio is: Multiple Choice 4.80 0.34 195 2.95 1.46