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On January 1, 2017, XYZ company issued bonds with a face value of SR 3,000 at a coupon rate equal to The bonds were issued

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On January 1, 2017, XYZ company issued bonds with a face value of SR 3,000 at a coupon rate equal to The bonds were issued to yield 11% and mature on January 1, 2022 The XYZ company's net income in 2017 was SR 1,100 and interest expense was 338. There is no income tax, Requirement Calculate the Time Interest Earned Ratio for the year 2017

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