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Refer to the following selected financial information from Gomez Electronics. Compute the company's times interest earned for Year 2. Net sales Cost of goods sold
Refer to the following selected financial information from Gomez Electronics. Compute the company's times interest earned for Year 2. Net sales Cost of goods sold Interest expense Net income before tax Net income after tax Total assets Total liabilities Total equity Year 2 $483,500 277,300 10,700 68,250 47,050 319,100 176,400 142,700 Year 1 $427,250 251,120 11,700 53,680 40,900 294,000 168,300 125,700 0 0 0 0 0
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