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Question 48 The following financial statement information is available for Bongo Corporation: Bongo Corporation Bongo Corporation 2013 2012 Net income $115,000 $80,000 Income tax expense
Question 48
- The following financial statement information is available for Bongo Corporation:
Bongo Corporation Bongo Corporation 2013 2012 Net income $115,000 $80,000 Income tax expense 50,000 29,000 Interest expense 15,000 14,000 Dividends paid to preferred stockholders 22,000 20,000 Dividends paid to common stockholders 15,000 10,000 A. 12 times.
B. 7.7 times.
C. 11 times.
D. 8.8 times.
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