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Question 5 What is the Times Interest Earned ratio of this company given the following information? Sales $ 55,371,139 Cost of sales 44,813,632 Gross profit
Question 5 What is the Times Interest Earned ratio of this company given the following information? Sales $ 55,371,139 Cost of sales 44,813,632 Gross profit 10,557,507 Operating expenses 8,504,336 Operating income 2,053,171 Interest expense 302,878 Other expense (income), net (15,937) Earnings before 1,766,230 income taxes Income taxes 623,727 Net earnings $1,142,503 O 3.77 O 4.08 O 5.83 O 6.83 0.5 pts
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