Question
In the current year, Pringle Company reported Sales of $1,480,000, Interest Expense of $14,400, Income Tax Expense of $14,200, and Net Income of $58,000. What
In the current year, Pringle Company reported Sales of $1,480,000, Interest Expense of $14,400, Income Tax Expense of $14,200, and Net Income of $58,000. What is Pringle's times interest earned ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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Managerial Accounting An Introduction To Concepts Methods And Uses
Authors: Michael W. Maher, Clyde P. Stickney, Roman L. Weil, Sidney Davidson
7th Edition
0030259630, 978-0030259630
