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What is the times interest earned for the following financial statement? Year 20XX Sales (Revenues) $119,299 Costs and Expenses: Cost of Goods Sold 93,438 Operating,

What is the times interest earned for the following financial statement?

Year 20XX Sales

(Revenues) $119,299

Costs and Expenses:

Cost of Goods Sold 93,438

Operating, selling and admin expenses 9,358

Interest Costs:

Debt 555

Capital leases 229

Total Costs and Expenses 103,580

Income Before Income Taxes 15,719

Taxes 4,716

Net Income $11,003 ______________________________________________________________________________

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