O-- In a recent year, Derek Corporation had net income of ($ 150,000), interest expense of ($
Question:
O-- In a recent year, Derek Corporation had net income of \(\$ 150,000\), interest expense of \(\$ 30,000\), and income tax expense of \(\$ 20,000\). What was Derek Corporation's times interest earned for the year?
(a) 5.00 .
(c) 6.67 .
(b) 4.00 .
(d) 7.50 .
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answered By
Sarfraz gull
have strong entrepreneurial and analytical skills which ensure quality tutoring and mentoring in your international business and management disciplines. Over last 3 years, I have expertise in the areas of Financial Planning, Business Management, Accounting, Finance, Corporate Finance, International Business, Human Resource Management, Entrepreneurship, Marketing, E-commerce, Social Media Marketing, and Supply Chain Management.
Over the years, I have been working as a business tutor and mentor for more than 3 years. Apart from tutoring online I have rich experience of working in multinational. I have worked on business management to project management.
3+ Reviews
10+ Question Solved
Related Book For 
Financial Accounting Tools For Business Decision Making
ISBN: 9781119316022
8th Edition
Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt
Question Posted:
