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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
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4.00.
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10.00.
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5.00.
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3.24.
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