Question 7 of 11 .. ... / 8 View Policies Current Attempt in Progress Sunland Corporation began operations January 1, 2022. Given the below information for Sunland Corporation: Sunland Corporation Statement of Financial Position December 31 2023 Cash $15,000 Accounts Receivable 22,500 Inventory 14,000 Total Current Assets 51,500 Property, Plant & Equipment 76,900 Total Assets 128,400 Accounts Payable 10.700 Deferred Revenue 14,500 Note Payable (due 2026) 46.000 Total Clabilities 71.200 Common Shares 20.000 2022 $9,500 19.400 15,400 44.300 76.900 121,200 10.800 18,500 46,000 75.300 20.000 ything 8 Question 7 of 11 .../8 Sunland Corporation Statement of Income For the year ending December 31 2023 2022 Sales $221,800 $117,200 Cost of goods sold 138,800 83,300 Gross margin 83,000 33,900 Operating expenses 60,600 21,400 Interest expense 4,500 2,300 Income before income tax 17,900 10,200 Income tax expense 3,580 2,040 Net income 14,320 8.160 Vas Your answer has been saved. See score details atter the due date & O -thing .../8 (b) Calculate times interest earned ratios. (Round answers to 2 decimal places, eg, 15.25) 2023 2022 Times interest earned ratios times times Identify for each whether or not there has been a year-over-year improvement or deterioration. The times interest earned has year-over-year indicating Attempts:0 of 1 used Submit Answer Sava fora od meny TEN o