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Refer to the financial statements of EFG Corp. The firm's times - interets earned for 2018 is ___________. Please provide formula on how to solve

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Refer to the financial statements of EFG Corp. The firm's times - interets earned for 2018 is ___________.

Please provide formula on how to solve this problem.

The financial statement of ABC Company are shown below EFG Corp. Sales $7,000,000 Cost of Good Sold 5,000,000 Gross Profit $2,000,000 Selling and Administrative Expenses 1,650,000 EBIT $350,000 Internet Expenses 100,000 Income Before Tax $250,000 Taxes $100,000 Net Income $150,000 EFG Corp. Comparative Balance Sheets 2018 Cash $90,000 Account Receivable 810,000 Inventory 800,000 Total Current Assets $1,700,000 Fixed Assets 2,600,000 Total Assets $4,300,000 Accounts Payable $500,000 Bank Loans 100,000 Total Current Liabilities $600,000 Long-term Bonds 400,000 Total Liabilites $1,000,000 Common Stock 500,000 (20,000 shares) Retained Earning 2,800,000 Total Equity $3,300,000 Total Liabilities and Equity $4,300,000 Note: The common shares are trading in the stock market for $27 each. 2017 $80,000 800,000 720,000 $1,600,000 2,400,000 $4,000,000 $400,000 100,000 $500,000 300,000 $800,000 500,000 2,700,000 $3,200,000 $4,000,000

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