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what is the times interest earned

Cengage w WileyPLUS Y Yahoo Finance h Hulu FINVIZ Saved eview - leverage ratios Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not ir 2010 2009 2008 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-tern notes payable secured by mortgages on plant assets common stock, $10 par value Retained earnings Total liabilities and equity $ 36,229 $ 42,780 $ 44,562 106,073 76,377 57,087 137,408 98,929 62,038 11,548 11,003 4,903 335,317 311,062 272,710 $626,575 $540,151 $441,300 $157,577 $ 94,024 $57,087 116,618 127.962 99,478 163,500 163,500 163,500 188,880 154,665 121,235 $626,575 $540,151 $441,300 The company's income statements for the years ended December 31, 2010 and 2009, follow. 2010 $ 685,000 Tor Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income taxes Total costs and expenses Net income Earnings per share $417,850 207,282 8,175 12.900 2009 $557.000 $356,265 141,971 8,960 12.450 519.646 $ 37,354 $ 2.20 646,207 $ 38,793 $ 2.37 Compare the company's long-term risk and capital structure positions at the end of 2010 and 2009 by computing the following ratios. [From Wild: Fundamental Accounting Principles, 19e (0073379549): E17-9) MacBook Pro DOO 80 FJ F5 FO F7 F2 A & 3 4 6 5 9 7 8

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