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Odessa Co. has current assets of $5.33 million and net income of $10.1 million. Current liabilities total $2.6 million, interest expense is $2.1 million, and
Odessa Co. has current assets of $5.33 million and net income of $10.1 million. Current liabilities total $2.6 million, interest expense is $2.1 million, and income tax expense is $3.1 million. What is the times interest earned ratio for this company? (Round your final answer to 2 decimal places.)
Multiple Choice
0.49.
7.29.
0.31.
2.05.
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