Refer to the Following Selected Financial Information from Shakley's Incorporated

question 224

Multiple Choice

Refer to the following selected financial information from Shakley's Incorporated. Compute the company's times interest earned for Year 2. $$\begin{array} { | l | r | r | } \hline & { \text { Year 2 } } & { \text { Year 1 } } \\\hline \text { Net sales } & \$ 478,500 & \$ 426,250 \\\hline \text { Cost of goods sold } & 276,300 & 250,120 \\\hline \text { Interest expense } & 9,700 & 10,700 \\\hline \text { Net income before tax } & 67,250 & 52,680 \\\hline \text { Net income after tax } & 46,050 & 39,900 \\\hline \text { Total assets } & 317,100 & 288,000 \\\hline \text { Total liabilities } & 181,400 & 167,300 \\\hline \text { Total equity } & 135,700 & 120,700 \\\hline\end{array}$$

• A) 14.0.
• B) 7.9.
• C) 4.8.
• D) 5.8.
• E) 6.9.

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Nonstressed Employees

Workers who are not experiencing stress, typically due to a balanced workload, positive work environment, or effective stress management techniques.

Abuse Alcohol

Excessive or harmful consumption of alcohol leading to physical, social, or mental health problems.

Conflict Resolution

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Conflict Type

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