Question
Hsu Company reported the following on its income statement: Income before income taxes $338,155 Income tax expense 101,447 Net income $236,708 Interest expense was $74,442.
Hsu Company reported the following on its income statement:
| Income before income taxes | $338,155 | |
| Income tax expense | 101,447 | |
| Net income | $236,708 |
Interest expense was $74,442. Hsu Company's times interest earned ratio (rounded to two decimal places) is
a. 3.18 times
b. 2.18 times
c. 5.54 times
d. 4.54 times
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Food And Beverage Cost Control
Authors: Lea R. Dopson, David K. Hayes
6th Edition
1118988493, 978-1118988497
