Balance sheet and income statement data indicate the followi…

Balance sheet and income statement data indicate the following: Bonds payable, 10% (due in two years) $884,000 Preferred 5% stock, $100 par (no change during year) 203,900 Common stock, $50 par (no change during year) 1,694,400 Income before income tax for year 361,564 Income tax for year 71,952 Common dividends paid 84,720 Preferred dividends paid 10,195 Interest expense 88,400 Based on the data presented, what is the times interest earned ratio? Round your answer to two decimal places.

Department M had 2,400 units 59% completed in process at the…

Department M had 2,400 units 59% completed in process at the beginning of June, 12,600 units completed during June, and 1,600 units 34% completed at the end of June. The number of equivalent units of production for conversion costs for June if the first-in, first-out method is used to cost inventories is