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Recent financial statement data for Harmony Health Foods (HHF) Inc. is shown below. Current liabilities $185 Income before interest and taxes $130 10% Bonds, long-term
Recent financial statement data for Harmony Health Foods (HHF) Inc. is shown below. Current liabilities $185 Income before interest and taxes $130 10% Bonds, long-term 365 Interest expense 41 Total liabilities 550 Income before tax 89 Shareholders' equity Income tax 37 Capital stock 219 Net income $ 52 Retained earnings 283 Total shareholders' equity 502 Total liabilities and equity $1,052 HHF's times interest earned ratio is (Round your answer to 2 decimal places):
2.17 times
1.27 times
8.90 times
3.17 times
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