Multiple Choice Question 85 Coronado Company reported the following on its income statement: Income before income taxes $560000 Income tax expense 190000 Net Income $370000 An analysis of the income statement revealed that interest expense was $56000. Coronado Company's times interest earned was 11.00 times 10.00 times. 6.61 times. 7.61 times. CALCULATOR PRINTER VERSION BACK NES Multiple Choice Question 96 Vaughn Company had $371000 of current assets and $150000 of current liabilities before borrowing $68000 from the bank with a 3-month note payable. What effect did the borrowing transaction have on the amount of Vaughn Company's working capital? 568000 decrease $68000 Increase No effect $136000 Increase