Question
Sunland Company reported the following on its income statement: Income before income taxes $417000 Income tax expense 120000 Net income $297000 An analysis of the
Sunland Company reported the following on its income statement: Income before income taxes $417000 Income tax expense 120000 Net income $297000 An analysis of the income statement revealed that interest expense was $50000. Sunland Company's times interest earned was 7.34 times. 10.74 times. 9.34 times. 5.94 times.
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Financial Accounting Objective Questions And Explanations
Authors: Irvin N. Gleim
7th Edition
0917539664, 978-0917539664
