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Exercise 9-16 Computing and interpreting times interest earned LO A1 Use the following information from separate companies a through d : Net Income (Loss) Interest
Exercise 9-16 Computing and interpreting times interest earned LO A1
Use the following information from separate companies a through d:
| Net Income (Loss) | Interest Expense | Income Taxes | |||||||
| a. | $ | 146,000 | $ | 55,480 | $ | 36,500 | |||
| b. | 140,600 | 37,962 | 50,616 | ||||||
| c. | 124,100 | 54,604 | 52,122 | ||||||
| d. | 149,100 | 8,946 | 71,568 | ||||||
Compute times interest earned. Which company indicates the strongest ability to pay interest expense as it comes due?
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