Question
A companys income statement shows interest expense of $5 million, sales revenue of $50 million, earnings before interest and taxes of $20 million, and net
A companys income statement shows interest expense of $5 million, sales revenue of $50 million, earnings before interest and taxes of $20 million, and net income of $8 million. This company has a times interest earned (or interest coverage) ratio of
- A.4
- B.0.25
- C.1.6
- D.10
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Fundamental Accounting Principles
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
20th Edition
1259157148, 78110874, 9780077616212, 978-1259157141, 77616219, 978-0078110870
