The following amounts were taken from the financial statements of R.Dodd Company: 2017 2016 Current liabilities Long-term liabilities Interest expense Income tax expense Net income Net cash provided by operating activity $1,280,000 $1,220,000 1,800,000 100,000 50,000 300,000 325,000 1,600,000 50,000 30,000 170,000 270,000 The times interest earned for 2017 is 1) 3.0 times. 2) 3.5 times 3) 4.0 times. 4) 4.5 times Save Question 2 (4 points) Aps Company reported the following on its income statement: Income before income taxes Income tax expense Net income S420,000 120,000 S300,000 An analysis of the income statement revealed that interest xpense was $60.000. Aps Company's times interest earned was 1) 6 times. 2) 9 times 3) 8 times. 4) 5 times. Save