Question
Avondale Industries reported the following data for 2022: Current liabilities $55,000 Interest expense.. $6,000 Noncurrent liabilities. 60,000 Income tax expense. 2,400 Stockholders' equity. 50,000
Avondale Industries reported the following data for 2022: Current liabilities $55,000 Interest expense.. $6,000 Noncurrent liabilities. 60,000 Income tax expense. 2,400 Stockholders' equity. 50,000 Net income. 7,900 Compute the times-interest-earned ratio:
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Advanced Accounting
Authors: Gail Fayerman
1st Canadian Edition
9781118774113, 1118774116, 111803791X, 978-1118037911
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