Question
For the FY 2018, Frederick Company had net sales of $900,000 and net income of $55,000, paid income taxes of $20,000, and had before tax
For the FY 2018, Frederick Company had net sales of $900,000 and net income of $55,000, paid income taxes of $20,000, and had before tax interest expense of $17,500.Use this information to determine the Times Interest Earned Ratio.(Round your answers to one decimal place)
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
13th edition
978-1-119-4110, 1119411483, 9781119411017, 978-1119411482
