Question
Hsu Company reported the following on its income statement: Income before income taxes $336,634 Income tax expense 100,990 Net income $235,644 Interest expense was $73,801.
Hsu Company reported the following on its income statement:
| Income before income taxes | $336,634 | |
| Income tax expense | 100,990 | |
| Net income | $235,644 |
Interest expense was $73,801. Hsu Company's times interest earned ratio (rounded to two decimal places) is
a.5.56 times
b.2.19 times
c.4.56 times
d.3.19 times
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Managerial Accounting Tools For Business Decision Making
Authors: Weygandt, Kimmel, Kieso
4th Edition
0470478535, 978-0470478530
