Question
Foxhound Capital, LLC has the following being reported on the financial statements on December 31, 2014: Sales $120,000; Total Expenses $98,000; Net Income $22,000; Interest
Foxhound Capital, LLC has the following being reported on the financial statements on December 31, 2014: Sales $120,000; Total Expenses $98,000; Net Income $22,000; Interest Expense $2,174; Income Tax $4,000. Calculate the time interest earned ratio (round to the nearest whole number).
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Core Concepts Of Information Technology Auditing
Authors: James E Hunton, Stephanie M Bryant, Nancy A Bagranoff
1st Edition
0471222933, 9780471222934
