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Refer to the following selected financial information from Gomez Electronics. Compute the company's times interest earned for Year 2. Year 2 Year 1 Net
Refer to the following selected financial information from Gomez Electronics. Compute the company's times interest earned for Year 2. Year 2 Year 1 Net sales $ 487,500 $428,050 Cost of goods sold 278,100 251,920 Interest expense 11,500 12,500 Net income before tax 69,050 54,480 Net income after tax 47,850 41,700 Total assets 320,700 298,800 Total liabilities 172,400 169,100 Total equity 148,300 129,700.
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