Question
15. Hopkins Corporation reported net income of $598,000 for 2016. Included in that number was interest expense of $56,000 and income tax expense of $82,000.
15. Hopkins Corporation reported net income of $598,000 for 2016. Included in that number was interest expense of $56,000 and income tax expense of $82,000. Based on the numbers provided, what was the number of times interest was earned for Hopkins for 2016?
Group of answer choices
A. 13.14
B. 10.68
C. 9.21
D. 8.21
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Financial Accounting Impact On Decision Makers
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
1111464936, 978-1111464936
