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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

  • 4.14 times.

  • 6.47 times.

  • 2.31 times.

  • 3.81 times.

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