Question
Blossom Company reported the following on its income statement: Income before income taxes $833000 Income tax expense Net income 172000 $661000 An analysis of
Blossom Company reported the following on its income statement: Income before income taxes $833000 Income tax expense Net income 172000 $661000 An analysis of the income statement revealed that interest expense was $98000. Blossom Company's times interest earned was 6.7 times. 7.7 times. 8.5 times. 9.5 times.
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Survey of Accounting
Authors: Carl S. Warren
7th edition
1285974360, 1285183487, 9781285974361, 978-1285183480
