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The following information was available for the year ended December 31, 2013: 10 $81,000 Net income $ 42,000 Earnings before interest and taxes (operating income)
The following information was available for the year ended December 31, 2013: 10 $81,000 Net income $ 42,000 Earnings before interest and taxes (operating income) Interest expense Total assets at year- 17,000 270,000 end 01:54:51 Income tax expense 22,000 Total liabilities at year- 148,000 end eBook Required: Calculate the debt ratio at December 31, 2013. (Round your answer to 1 decimal place.) a. Debt ratio b. Calculate the debt/equity ratio at December 31, 2013. (Round your answer to 2 decimal places.) Debt/equity ratio times c. Calculate the times interest earned for the year ended December 31, 2013. (Round your answer to 2 decimal places.) Times interest earned times
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