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The Fortune Company reported the following income for Year 2: Sales Cost of goods sold Gross margin Selling and administrative expense Operating income Income
The Fortune Company reported the following income for Year 2: Sales Cost of goods sold Gross margin Selling and administrative expense Operating income Income before taxes Interest expense Income tax expense Net income What is the company's number of times interest is earned ratio? $ 131,000 80,500 $ 50,500 16,000 $ 34,500 5,100 $ 29,400 8,820 $ 20,580 Multiple Choice 4.0 times 6.8 times None of these answers is correct. 5.8 times
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