Trusillo Corporation's Net Operating Income Last Year Was $103,000; Its

question 186

Essay

Trusillo Corporation's net operating income last year was $103,000; its interest expense was $17,000; its total stockholders' equity was $1,260,000; and its total liabilities were $380,000.
Required:
Compute the following for Year 2:
a. Times interest earned.
b. Debt-to-equity ratio.

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Definitions:

Employee Motivation

The drive or inclination that influences an individual's choice of actions and effort levels towards achieving work-related goals.

Align Individual

The process of adjusting individuals' goals, expectations, or actions to match organizational or team objectives, ensuring coherent and unified efforts.

People

Human beings, individually or collectively, considered in a social or demographic context.

Products

are goods or services that are created through a process and offered in the market to satisfy the needs or desires of consumers.