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Arab Corporation reports the following selected financial statement information at December 31, 2020: Total Assets $250,000 Total Liabilities 50,000 Net Income 2,800 Interest Revenue 600

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Arab Corporation reports the following selected financial statement information at December 31, 2020: Total Assets $250,000 Total Liabilities 50,000 Net Income 2,800 Interest Revenue 600 Interest Expense 800 Income Tax Expense 400 Instructions %. (a) Compute the debt to assets ratio at December 31, 2020.. (b) Compute times interest earned for 2020. times

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