Wyand Corporation's Net Operating Income Last Year Was $212,000; Its

question 80

Essay

Wyand Corporation's net operating income last year was $212,000; its interest expense was $26,000; its total stockholders' equity was $1,000,000; and its total liabilities were $370,000.
Required:
Compute the following for Year 2:
a. Times interest earned.
b. Debt-to-equity ratio.

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Definitions:

Boreal Forest

A vast biome characterized by coniferous forests, significant snowfall, and cold temperatures, occupying the northern stretches of North America, Europe, and Asia.

Nutrient-rich Bottom Water

Deep waters that contain high concentrations of essential nutrients such as nitrogen and phosphorus, typically resulting from the decomposition of organic matter and critical for marine ecosystems.

Ocean's Surface

The interface between the ocean and the atmosphere, playing a critical role in climate regulation, gas exchange, and as a habitat for marine organisms.