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The following information was available for the year ended December 31, 2013: The following information was available for the year ended December 31, 2013: Earnings

The following information was available for the year ended December 31, 2013:

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The following information was available for the year ended December 31, 2013: Earnings before interest and taxes 43,000 84,000 Net income (operating income) 18,000 Total assets at year-end 280,000 Interest expense 23,000 Total liabilities at year-end 152,000 Income tax expense Required: a. Calculate the debt ratio at December 31, 2013. (Round your answer to 1 decimal place.) 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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