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Other Fields Homework Help Accounting Topic started by: Zergnet on Jul 24, 2023



Title: Wyand Corporation's net operating income last year was $212,000; its interest expense was $26,000; ...
Post by: Zergnet on Jul 24, 2023

Wyand Corporation's net operating income last year was $212,000; its interest expense was $26,000; its total stockholders' equity was $1,000,000; and its total liabilities were $370,000.

Required:

Compute the following for Year 2:

a. Times interest earned ratio.

b. Debt-to-equity ratio.


Title: Re: Wyand Corporation's net operating income last year was $212,000; its interest expense was $26,000; ...
Post by: Jaynie on Jul 24, 2023
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