Question
Cutsinger Corporation has provided the following data from its most recent income statement: Net operating income-$55,000 Interest expense $43,000 Net income before taxes $12,000 Income
Cutsinger Corporation has provided the following data from its most recent income statement:
Net operating income-$55,000
Interest expense $43,000
Net income before taxes $12,000
Income taxes $4,000
Net income $8,000
What is the times interest earned ratio closest to?
A. 0.19 B 1.83 C.1.28 D. 0.28
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Business Security Audit And Review Toolkit The Modern Toolkit For Security And Risk Professionals To Grow Their Business And For The Business Owners.
Authors: L Burke Files, Gamal Newry, Ibrahim Yeku
1st Edition
1674831315, 978-1674831312
