Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

The following amounts were taken from the financial statements of Bramble Corp.: 2022 2021 Current liabilities $1276000 $1238000 Long-term liabilities 1824000 1605000 Interest expense 100000

The following amounts were taken from the financial statements of Bramble Corp.:

2022

2021

Current liabilities

$1276000 $1238000

Long-term liabilities

1824000 1605000

Interest expense

100000 56200

Income tax expense

57700 39100

Net income

272300 180000

Net cash provided by operating activity

342000 281000

The times interest earned for 2022 is

3.7 times.

2.8 times.

4.3 times.

3.3 times.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions