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Inventories$150,000Receivables$300,000Cash$25,000Payables$230,000Overdraft$90,000Revenue$2,700,000Costofsales$1,300,000Grossprofit$1,400,000Admincosts$500,000Distributioncosts$350,000Operatingprofit$550,000Financecosts$75,000 What is the times interest earned ratio? 6.50 times 7.33 times 5.67 times 4.67 times
Inventories$150,000Receivables$300,000Cash$25,000Payables$230,000Overdraft$90,000Revenue$2,700,000Costofsales$1,300,000Grossprofit$1,400,000Admincosts$500,000Distributioncosts$350,000Operatingprofit$550,000Financecosts$75,000 What is the times interest earned ratio? 6.50 times 7.33 times 5.67 times 4.67 times
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