Question
Mamas Pizzaria presents financial rations with its financial statements. During 2019, Mamas reported net income of $8,212 million, interest expense of $167 million and income
Mamas Pizzaria presents financial rations with its financial statements. During 2019, Mamas reported net income of $8,212 million, interest expense of $167 million and income tax expense of $1,372 million. During 2018, Mamas reported net income of $7,568 million, interest expense of $163 million and income tax expense of $1,424 million. Based on this information, what would Mamas Pizzaria report for its times interest earned ratios for 2019 and 2018, respectively?
Multiple Choice 49.2 and 46.4 times. 50.2 and 47.5 times. 58.4 and 56.2 times. 56.4 and 54.2 times.
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