Question
The following amounts were taken from the financial statements of Swifty Electric Company: 2025 2024 Current liabilities $1178000 $1123000 Long-term liabilities 1656000 1472000 Interest
The following amounts were taken from the financial statements of Swifty Electric Company: 2025 2024 Current liabilities $1178000 $1123000 Long-term liabilities 1656000 1472000 Interest expense 92000 46000 Income tax expense 46000 28000 Net income 294400 167000 Net cash provided by operating activity 319000 265000 The times interest earned for 2025 is 4.7 times. 3.7 times. 4.2 times. O 3.1 times.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial Accounting and Reporting a Global Perspective
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
4th edition
978-1408066621, 1408066629, 1408076861, 978-1408076866
