Question

A company had interest expenses of $5,100, income before interest expense and income tax of $17,400, and net income of $7,800. The company's times interest earned ratio equals:
A. 2.23
B. 1.53
C. 0.65
D. 0.29
E. 3.41

Answer 1

Explanation:

Question: A company's had fixed interest expense of $5,100, its income before interest expense and income taxes is $17,400, and its net income is $7,800. The company's times interest earned ratio equals: 0.65. 3.41.

Answer 2

Answer:

b) 1.53

Explanation:

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