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Oak Corporation's financial statements for the current year showed the following: Note: Round your answers to 2 decimal places. Income Statement Revenues $890,000 Expenses (638,000)
Oak Corporation's financial statements for the current year showed the following:
Note: Round your answers to 2 decimal places.
| Income Statement | |
|---|---|
| Revenues | $890,000 |
| Expenses | (638,000) |
| Interest expense | (17,100) |
| Pretax income | 234,900 |
| Income tax (21%) | (49,329) |
| Net income | $185,571 |
Compute Oaks times interest earned ratio.
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Financial Investigation And Forensic Accounting
Authors: George A Manning
3rd Edition
0367864347, 9780367864347
