Question
BrambleCompany reported the following on its income statement: Income before income taxes $511000 Income tax expense 148000 Net income $363000 An analysis of the income
BrambleCompany reported the following on its income statement:
| Income before income taxes | $511000 |
| Income tax expense | 148000 |
| Net income | $363000 |
An analysis of the income statement revealed that interest expense was $70000. Bramble Company's times interest earned was
a)6.4 times.
b)8.3 times.
c)7.3 times.
d)5.2 times.
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Study Guide For Use With Managerial Accounting
Authors: Ronald M. Copeland, Paul E. Dascher, Jerry R. Strawser, Robert H. Strawser
1st Edition
0873937651, 978-0873937658
