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Refer to the following selected financial information from Shakley's Incorporated. Compute the company's times interest earned for Year 2 Year 2 Year 1 Net sales

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Refer to the following selected financial information from Shakley's Incorporated. Compute the company's times interest earned for Year 2 Year 2 Year 1 Net sales Cost of goods sold Interest expense Net income before tax Net income after tax Total assets Total liabilities Total equity $488,500 278,300 11,700 69,250 48,050 321,100 171,400 149,700 $428,250 252,120 12,700 54,680 41,900 300,000 169,300 130,700 O6.9. O 4.1 O 5.9 O 51. O 128

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