Refer to the following selected financial information from Gomez Electronics. Compute the company's times interest earned for Year 2. $\begin{array}{lrr}& \text { Year 2 } & \text { Year 1 } \
\text { Net sales } & \$ 478,500 & \$ 426,250 \
\text { Cost of goods sold } & 276,300 & 250,120 \
\text { Interest expense } & 9,700 & 10,700 \
\text { Net income before tax } & 67,250 & 52,680 \
\text { Net income after tax } & 46,050 & 39,900 \
\text { Total assets } & 317,100 & 288,000 \
\text { Total liabilities } & 181,400 & 167,300 \
\text { Total equity } & 135,700 & 120,700
\end{array}$
A) 6.9.
B) 4.8.
C) 5.8.
D) 14.0.
E) 7.9.

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The Answer of Refer to the following selected financial information from Gomez Electronics. Compute the company's times interest earned for Year 2. $\begin{array}{lrr}& \text { Year 2 } & \text { Year 1 } \
\text { Net sales } & \$ 478,500 & \$ 426,250 \
\text { Cost of goods sold } & 276,300 & 250,120 \
\text { Interest expense } & 9,700 & 10,700 \
\text { Net income before tax } & 67,250 & 52,680 \
\text { Net income after tax } & 46,050 & 39,900 \
\text { Total assets } & 317,100 & 288,000 \
\text { Total liabilities } & 181,400 & 167,300 \
\text { Total equity } & 135,700 & 120,700
\end{array}$
A) 6.9.
B) 4.8.
C) 5.8.
D) 14.0.
E) 7.9.

Refer to the Following Selected Financial Information from Gomez Electronics