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The following information was drawn from the accounting records of Woo Company. Current assets $ 55,000 Long-term assets (Plant assets) 370,000 Current liabilities 41,000 Long-term
The following information was drawn from the accounting records of Woo Company.
Current assets | $ | 55,000 | |
Long-term assets (Plant assets) | 370,000 | ||
Current liabilities | 41,000 | ||
Long-term liabilities | 120,000 | ||
Stockholders' Equity | 275,000 | ||
Earnings before interest and taxes | 61,000 | ||
Interest expense | 16,000 | ||
Based on this information, the company's times interest earned measure is (Round your answer to two decimal places.)
Multiple Choice
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4.14 times.
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6.47 times.
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2.31 times.
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3.81 times.
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