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Home Q & A Board Other Fields Homework Help Business Accounting
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jonaschem16 jonaschem16
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10 months ago

Deacon Corporation has provided the following financial data from its balance sheet and income statement:

Year 2Year 1
Total assets$ 1,198,000$ 1,160,000
Total liabilities$ 466,000$ 460,000
Total stockholders' equity$ 732,000$ 700,000
Net operating income (income before interest and taxes)$ 67,769
Interest expense$ 13,000

The company’s times interest earned ratio for Year 2 is closest to:



▸ 2.74

▸ 8.02

▸ 5.21

▸ 4.21
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
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dreamkheidreamkhei
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10 months ago
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jonaschem16 Author
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10 months ago
Smart ... Thanks!
GeorgeNeist
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Yesterday
Helped a lot
jodie1
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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