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