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The following information is provided from the income statement of Zedai Company: Operating income $378,000 Interest expense $27,000 Income before taxes $351,000 Income taxes $140,400
The following information is provided from the income statement of Zedai Company:
| Operating income | $378,000 |
| Interest expense | $27,000 |
| Income before taxes | $351,000 |
| Income taxes | $140,400 |
| Net income | $210,600 |
Calculate the times-interest-earned ratio.
a.14 times
b.13 times
c.8 times
d.12 times
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Enterprise Compliance Risk Management An Essential Toolkit For Banks And Financial Services
Authors: Saloni Ramakrishna
1st Edition
1118550285, 978-1118550281
