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Craig Holdings Company has an Earnings before Interest Expense and Income Tax (EBIT) of $90,000, interest expenses of $3,000, depreciation expenses of $1,000 and tax
Craig Holdings Company has an Earnings before Interest Expense and Income Tax (EBIT) of $90,000, interest expenses of $3,000, depreciation expenses of $1,000 and tax expense of $34,000, calculate the company's times interest earned ratio.
Select one:
a. 22 days
b. 12 days
c. 42.2 times
d. 30 times
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