Question
The following information was available for the year ended December 31, 2022: Earnings before interest and taxes (operating income) $ 108,000 Interest expense 26,000 Net
The following information was available for the year ended December 31, 2022:
| Earnings before interest and taxes (operating income) | $ 108,000 |
|---|---|
| Interest expense | 26,000 |
| Net income | 51,000 |
Required:
Calculate the times interest earned for the year ended December 31, 2022.
Note: Round your answer to 2 decimal places.
The following information was available for the year ended December 31, 2022:
| Earnings before interest and taxes (operating income) | $ 108,000 |
|---|---|
| Interest expense | 26,000 |
| Net income | 51,000 |
Required:
Calculate the times interest earned for the year ended December 31, 2022.
Note: Round your answer to 2 decimal places.
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Financial Accounting A Key To Your Success In The Exam
Authors: Victoria Dobrynskaya
2nd Edition
3843389713, 978-3843389716
