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Question
Refer to the following selected financial information from Shakley's Incorporated. Compute the company's times interest earned for Year 2.| Year 2 | Year 1 | |
| Net sales | $478,500 | $426,250 |
| Cost of goods sold | 276,300 | 250,120 |
| Interest expense | 9,700 | 10,700 |
| Net income before tax | 67,250 | 52,680 |
| Net income after tax | 46,050 | 39,900 |
| Total assets | 317,100 | 288,000 |
| Total liabilities | 181,400 | 167,300 |
| Total equity | 135,700 | 120,700 |
A.6.9.
B.4.8.
C.5.8.
D.14.0.
E.7.9.
Answer
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