Question
PFM Company has sales of $210,000, interest expense of $8,000, a tax rate of 30%, and a net profit after tax of $35,000. What is
PFM Company has sales of $210,000, interest expense of $8,000, a tax rate of 30%, and a net profit after tax of $35,000. What is PFM Company's times interest earned ratio?
A. 4.375 times.
B. 5.375 times.
C. 7.250 times.
D. 15.500 times.
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Cost Accounting Fundamentals Essential Concepts And Examples
Authors: Steven M. Bragg
3rd Edition
0980069998, 978-0980069990
