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Recent financial statement data for Harmony Health Foods (HHF) Inc. is shown below: Current liabilities $ 186 Income before interest and taxes $ 190 10%

Recent financial statement data for Harmony Health Foods (HHF) Inc. is shown below:

Current liabilities $ 186 Income before interest and taxes $ 190
10% Bonds, long-term 380 Interest expense 38
Total liabilities 566 Income before tax 152
Stockholders' equity Income tax 29
Common stock 202 Net income $ 123
Retained earnings 297
Total stockholders' equity 499
Total liabilities and equity $ 1,065

HHF's times interest earned ratio is: (Round your answer to 2 decimal places.)

Multiple Choice

  • 4.00.

  • 10.00.

  • 5.00.

  • 3.24.

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