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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

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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 Year 2 Year 1 $ 426,550 $ 480,000 276,600 250,420 Interest expense 10,000 11,000 Net income before tax 67,550 52,980 Net income after tax 46,350 40,200 Total assets: Total liabilities. Total equity 317,700 289,800 179,900 167,600 137,800 122,200

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