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The following information was available for the year ended December 31, 2013:
Earnings before interest and taxes ( operating income) = $108,000 net incocme= $ 51,000
interest expense = $26,000 total assets at year-end = $ 360,000
income tax expense = $31,000 total liabilities = $184,0000
Required:
a. Calculate the debt ratio at December 31, 2013. (Round your answer to 1 decimal place.)
b. Calculate the debt/equity ratio at December 31, 2013. (Round your answer to 2 decimal places.)
c. Calculate the times interest earned for the year ended December 31, 2013. (Round your answer to 2 decimal places.)
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The following information was available for the year ended December 31, 2013:
Earnings before inter...
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