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efer to the following selected financial information from Gomez Electronics. Compute the...

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Accounting

efer to the following selected financial information from Gomez Electronics. Compute the company's times interest earned for Year 2.(Round your answer to 1 decimal place.)
Year 2 Year 1
Net sales $ 478,000 $ 426,250
Cost of goods sold 276,300250,120
Interest expense 9,70010,700
Net income before tax 66,93052,680
Net income after tax 45,41039,900
Total assets 317,100280,400
Total liabilities 190,260167,300
Total equity 126,840113,100
Multiple Choice
6.9.
4.7.
5.7.
14.0.
7.9.

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