Question
Briar Patch Fruits has sales of $529,600, cost of goods sold of $408,350, depreciation of $25,400, and interest expense of $9,100. The tax rate is
Briar Patch Fruits has
sales of $529,600,
cost of goods sold of $408,350,
depreciation of $25,400, and
interest expense of $9,100.
The tax rate is 35 percent.
What is the times interest earned ratio?
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Financial Reporting Financial Statement Analysis and Valuation
Authors: Clyde P. Stickney
6th edition
324302959, 978-0324302967, 324302967, 978-0324302950
