Question
The following information was drawn from the accounting records of Woo Company. Current assets. 50,000 Long-term assets. 350,000 Current liabilities. 40,000 Long-term liabilities. 100,000 Stockholders
The following information was drawn from the accounting records of Woo Company. Current assets. 50,000 Long-term assets. 350,000 Current liabilities. 40,000 Long-term liabilities. 100,000 Stockholders equity. 260,000 Net income. 60,000 Interest expense. 15,000
Based on this information, the company's times Interest earned measure is: (Round your answer to the nearest whole percentage)
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Managerial Accounting
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
3rd edition
77826485, 978-0077722074, 77722078, 978-0077826482
