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Orchard Electronics reported the following amounts on its 2018 income statement: (Click the icon to view the amounts.) What is Orchard's times-interest-earned ratio for 2018?
Orchard Electronics reported the following amounts on its 2018 income statement: (Click the icon to view the amounts.) What is Orchard's times-interest-earned ratio for 2018? (Round to two decimals.) Times-interest-earned ratio Times-interest-earned ratio formula Data Table (Net income + Income tax expense + Interest expense) + Income tax expense (Net income + Income tax expense + Interest expense) - Interest expense (Net income + Income tax expense + Interest expense) - Net income (Net income - Income tax expense - Interest expense) + Income tax expense (Net income - Income tax expense - Interest expense) - Interest expense (Net income - Income tax expense - Interest expense) - Net income Year Ended December 31, 2018 Net income $ 60,000 Income tax expense 9,000 Interest expense 6,900 Print Done
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