Use the following information to answer the questions: Assets Liabilities and Equity Cash 12,000 Accounts payable 17,000 Marketable securities 2.000 Notes payable 6,000 Accounts receivable 7,000 Current liabilities 23,000 Inventory 25,000 Long-term debt 95.000 Current assets 46,000 Total liabilities 118,000 Machines 34,000 Paid in capital 20,000 Real estate 80,000 Retained earnings 22,000 Net fixed assets 114,000 Equity 42,000 Total assets 160,000 Total liab. & equity 160,000 Value Line item Sales Costs - Depreciation EBIT Interest Taxable income - Taxes Net income 70,000 57,400 2,000 10.600 BOO 9,800 3.234 6,566 Part 1 Attempt 1/20 for 10 pts What is the times-interest-earned rabo