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The income before income tax expense was $866,400 and $758,100 for the current and previous years, respectively. a. Determine the ratio of liabilities to stockholders'
The income before income tax expense was $866,400 and $758,100 for the current and previous years, respectively. a. Determine the ratio of liabilities to stockholders' equity at the end of each year. Round your answers to one decimal place. b. Determine the times interest earned ratio for both years. Round your answers to one decimal place Step by Step Solution
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Cost Management Accounting And Control
Authors: Don R. Hansen, Maryanne Mowen
2nd Edition
0538864451, 978-0538864459
