Jaylen52709
05.05.2020 •
Business
He following information was available for the year ended December 31, 2019: Earnings before interest and taxes (operating income) $ 117,000 Interest expense 29,000 Income tax expense 34,000 Net income 54,000 Total assets at year-end 390,000 Total liabilities at year-end 196,000 Required: Calculate the debt ratio at December 31, 2019. (Round your answer to 1 decimal place.) Calculate the debt/equity ratio at December 31, 2019. (Round your answer to 2 decimal places.) Calculate the times interest earned for the year ended December 31, 2019. (Round your answer to 2 decimal places.)
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