In a recent year, Derek Corporation had net income of $150,000, interest expense of $30,000, and income
Question:
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.
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Related Book For 
Accounting Tools For Business Decision Making
ISBN: 9781118771112
5th Edition
Authors: Kimmel, Wetlands, Kieso
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