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Wyand Corporation's net operating income last year was $212,000; its interest expense was $26,000; ...

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Wyand Corporation's net operating income last year was $212,000; its interest expense was $26,000; ...

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.

Textbook

Introduction to Managerial Accounting: Brewer Edition: 9e

Edition: 9^th

Authors: Brewer, Garrison, Noreen

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