17. Number of Times Dividend, Interest and Fixed Charges are Earned The Income statement of Rubb Trading Co. shows the following: Operating income Less: Interest expense Income before income taxes Less: Income taxes Net Income P 150,000 10,000 P 140,000 35,000 P 105,000 The corporation has capital stock outstanding as follows: 12% Preferred stock, par P 100 Common stock, par P 50 P 300,000 400,000 Instruction: Compute for the following: Feherred a. Number of times interest charges are earned. b. Number of times preferred stock dividend requirement is earned: Number of times fixed charges are earned. Operating expenses include rent expense of P 20,000 and interest expense is more or less constant at P 10,000. . income taxes & interest exper