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Exercise 9-2 Times interest earned [LO 5] The following data come from the financial records of Bynum Corporation for 2011. Sales $140,000 Interest expense 4,100
Exercise 9-2 Times interest earned [LO 5]
| The following data come from the financial records of Bynum Corporation for 2011. |
| Sales | $140,000 |
| Interest expense | 4,100 |
| Income tax expense | 23,500 |
| Net income | 29,000 |
| Required: |
| How many times was interest earned in 2011? (Round your answer to 2 decimal places.) |
| Interest earned | times |
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The Four Corners Of Financial Accounting
Authors: Shaho Heidari Gandoman
1st Edition
1952751950, 978-1952751950
