c. times interest earned ratio.
d. asset turnover ratio.
12. The times interest earned ratio is computed by dividing
a. net income by interest expense. expense. b. income before income taxes by interest expense. c. income before interest expense by interest
d. income before interest expense and income taxes by interest expense.
13. The 2007 financial statements of Shadow Co. contain the following selected data( in millions).
Current Assets $ 75