Hsu Company reported the following on its income statement: Line Item Description Amount Income before income
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Question:
Hsu Company reported the following on its income statement:
Line Item Description | Amount |
---|---|
Income before income tax expense | $303,333 |
Income tax expense | (91,000) |
Net income | $212,333 |
What is the Interest expense was $71,856. Hsu Company's times interest earned ratio?
Related Book For
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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