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The data below are for Minersville Company. Total Assets Income Tax Expense Accounts Receivable Total Equity Interest Expense Sales Cost of Goods Sold Accounts
The data below are for Minersville Company. Total Assets Income Tax Expense Accounts Receivable Total Equity Interest Expense Sales Cost of Goods Sold Accounts Payable Net Income $10,000 1,000 2,500 6,500 400 15,000 9,000 1,200 1,500 Minersville needs a financial ratio that indicates whether its borrowing costs are appropriate given its level of income. What is Minersville Company's TIMES INTEREST EARNED RATIO? 7.25 3.75 4.75 6.25
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