Question
Hsu Company reported the following on its income statement: Income before income taxes $387,806 Income tax expense 116,342 Net income $271,464 Interest expense was $60,891.
Hsu Company reported the following on its income statement:
| Income before income taxes | $387,806 | |
| Income tax expense | 116,342 | |
| Net income | $271,464 |
Interest expense was $60,891. Hsu Company's times interest earned ratio is
a.6.37 times
b.4.46 times
c.3.46 times
d.7.37 times
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Accounting What The Numbers Mean
Authors: David Marshall, Wayne William McManus, Daniel Viele
6th Edition
0072834641, 978-0072834642
