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Now, le's use the balance sheet and income statement provided for Watkins Inc. to answer the last five questions of the exam. You will also need Table 3.6 from your eBook (or Blackboard) for the financial statement ratios. First, what is the Times Interest Earned ratio for the year ended December 31,2021 ? a. 7.29 b. 6.08 c. 6.20 d.8.77 Balance Sheet Current Assets Cash And Cash Equivalents Net Receivables Inventory Other Current Assets Total Current Assets Long Term Investments Property. plant and equipment Goodwill Intangible Assets Other Assets Total Non Current Assets Total Assets 12/31/22 Current Liabilities Accounts Payable Short/Current Long Term Debt Deferred Revenue Other Current Liabilities Total Current Liabilities Long Term Debt Other Liabilities Total Non Current Liabilities Total Liabilities 2,399,000 4,34,000 3,370,000 1,744,000 11,862,000 0 4,749,000 25,714,000 14,014,000 1,850,000 46,327,000 58,189,000 Stockholders' Equity Common Stock Capital Surplus Retained Earnings Treasury Stock Total Stockholders' Equity Total Liabilities and Stockholders' Equity 1,633,000 676,000 784,000 3,108,000 6,201,000 17,076,000 5,237,000 22,313,000 28,514,000 Income Statement Total Revenue Cost of Revenue Gross Profit Research Development Selling General and Administrative EBITDA Depreciation and Amortization Earnings Before Interest and Taxes (EBIT) Interest Expense Income Before Tax Income Tax Expense Net Income Year Ended 12/31/22 25,542,000 13,715,000 11,827,000 1,003,000 4,517,000 6,307,000 1,713,000 4,594,000 524,000 4,070,000 374,000 3,696,000

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