Deacon Corporation has provided the following financial data from its balance sheet and income statement: Year 2 Year 1

[answerhappygod]

Deacon Corporation has provided the following financial data
from its balance sheet and income statement: Year 2 Year 1 Total
assets $ 1,216,000 $ 1,178,000 Total liabilities $ 474,000 $
470,000 Total stockholders' equity $ 742,000 $ 708,000 Net
operating income (income before interest and taxes) $ 68,545
Interest expense $ 24,000 The company’s times interest earned ratio
for Year 2 is closest to:
Multiple Choice
3.86
1.86
2.86
0.66