Balance sheet and income statement data indicate the follow…

 Balance sheet and income statement data indicate the following: Bonds Payable, 6% (due in 15 years)        2,300,488 Revenue            722,560 Net Income            239,500 COGS            588,000 Income tax for year              82,000 Total Assets        1,227,850 Interest Payable              63,000 Total Liabilities            502,795 Interest Expense   67,000 Interest Receivable              12,109             Based on the data presented above in question one, what is the times interest earned ratio? (Round to two decimal places.)

Balance sheet and income statement data indicate the followi…

Balance sheet and income statement data indicate the following: Bonds Payable, 6% (due in 15 years)        2,300,488 Revenue            722,560 Net Income            239,500 COGS            588,000 Income tax for year              82,000 Total Assets        1,227,850 Interest Payable              63,000 Total Liabilities            502,795 Interest Expense   67,000 Interest Receivable              12,109   Base on the data presented above, what is the debt to equity ratio? (Round to two decimal places.)