Refer to the following selected financial information from Hansen's, LLC. Compute the company's times interest earned for Year 2. Year 2 Year 1 Net sales $ 485,000 $ 427,550 Cost of goods sold 277,600 251,420 Interest expense 11,000 12,000 Net income before tax 68,550 53,980 Net income after tax 47,350 41,200 Total assets 319,700 295,800 Total liabilities 174,900 168,600 Total equity 144,800 127,200

Anserwed: 5.3, 4.3, 13.2, 7.2, 6.2