Required Calculate the following ratios for Year 3 and Year 4. When data limitations prohibit computing averages, use year-end balances in your calculations.

Times interest earned. (Round your answers to 2 decimal places.)

The following financial statements apply to Jordan Company Year 4 Year 3 $210,600 9,800 220,400 $176,200 5,700 181,900 125,400 19,300 9,600 1,800 19,600 174,900 102,300 17,300 8,600 1,000 17,600 146,800 $ 45,500 $ 35, 100 Revenues Net sales Other revenues Total revenues Expenses Cost of goods sold Selling expenses General and administrative expenses Interest expense Income tax expense Total expenses Net income Assets Current assets Cash Marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Plant and equipment (net) Intangibles Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Accounts payable Other Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock (48,800 shares) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 5,700 1,700 35,900 100,000 4,500 147,800 106,000 21,300 $275,100 $ 7,400 1,700 31,500 95,600 3,500 139,700 106,000 0 $245,700 $ 39,200 16,400 55,600 64,200 119,800 $ 55,900 16,700 72,600 65,200 137,800 114,300 41,000 155, 300 $275,100 114,300 (6,400) 107,900 $245,700