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Please answer All questions 1.) A company reports the following: Income before income tax $3,617,600 Interest expense 133,000 Determine the times interest earned ratio. If
Please answer All questions
1.) A company reports the following:
Income before income tax | $3,617,600 |
Interest expense | 133,000 |
Determine the times interest earned ratio. If required, round the answer to one decimal place.
2.) A company reports the following income statement and balance sheet information for the current year:
Net income | $562,450 |
Interest expense | 99,260 |
Average total assets | 4,830,000 |
Determine the return on total assets. If required, round the percentage to one decimal place.
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