Question 16 Operating assets equals: only long-term assets. current assets plus tangible assets. total assets minus intangible assets cash, accounts receivable, and equipment. Los Moving to another question will save this response. A times interest earned ratio indicates that: the firm will be able to repay the principal when due. the debt will never become due. none of the answers are correct. preferred stock has no maturity date. Moving to another question will save this response. Operating income is: earnings before interest and tax earnings before tax and nonrecurring items. gross profit less operating expenses net sales less cost of goods sold. Moving to another question will save this response