Precision Tool 2011 and 2012 Balance Sheets 2011 2012 2011 2012 Cash $2,060 $1,003 Accounts payable $7.250 $8,384 Accounts rec. 3,411 4,218 Long-term debt 9,800 11,500 Inventory 18.776 21.908 Common stock 15,000 17,500 Total $24.247 $27.129 Retained earning 6.357 3.825 Net fixed assets 14.160 14.080 Total assets $38.407 $41209 Total liab & equity 538,407 S-41.202 Precision Tool 2012 Income Statement $36,408 28,225 1.760 Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid Taxable income 6,423 510 $5,913 Less: Taxes 2.070 Net income $3.843 Wattiecas director What is the times interest earned ratio for 2012? 9.63 10.12 12.59 14.97 16.05 AMwine to another auction leave this renonce