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The following amounts were taken from the financial statements of Cloudy Corporation: 2022 2021 Current liabilities $280,000 $220,000 Non-current liabilities 800,000 600,000 100,000 50,000
The following amounts were taken from the financial statements of Cloudy Corporation: 2022 2021 Current liabilities $280,000 $220,000 Non-current liabilities 800,000 600,000 100,000 50,000 Interest expense Income tax expense 120,000 58,000 300,000 170,000 Net Income Net cash provided by operating activities 480,000 270,000 The times interest earned ratio for 2022 is 3.3 times. 4.3 times. 4.2 times. O 5.2 times.
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