The following information pertains to Austin, Incorporated and Huston Company: Austin $ 85,000 590,000 23,375 310,000 280,000 17,600 35,200 88,000 Account Title Current assets Total assets Current liabilities Total liabilities Stockholders' equity Interest expense Income tax expense Net income Debt-to-assets ratio Current ratio Times interest earned Huston $ 85,000 660,000 42,500 514,500 145,500 21,100 30,600 91,400 Required a-1. Compute each company's debt-to-assets ratio, current ratio, and times interest earned (EBIT must be computed). Note: Round your "Debt-to-assets ratio" and "Times interest earned" to 1 decimal place and current ratio answers places. Austin % to 1.00 times Huston 1% to 1.00 times ** Brau

The following information pertains to Austin, Incorporated and Huston Company: Required a-1. Compute each company's debt-to-assets ratio, current ratio, and times interest earned (EBIT must be computed) Note: Round your "Debt-to-assets ratio" and "Times interest earned" to 1 decimal place and current ratio answers places