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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.
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