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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 sales
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 $478,500 $426,250 Cost of goods sold 276,300 250,120 Interest expense 9,700 10,700 Net income before 67,250 52,680 tax Net income after 46,050 39,900 tax Total assets 317,100 288,000 Total liabilities 181,400 167,300 Total equity 135,700 120,700 6.9. 4.8. 5.8. 14.0. 7.9
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