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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 $ 486,000 277,800 11,200 68,750 47,550 320,100 173,900 146,200 Year 1 $ 427,750 251,620 12,200 54,180 41,400 297,000 168,800 128, 200 Multiple Choice O 7.1. O 4.2. O 6.1. O 13.1. O 5.2
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