Answered step by step
Verified Expert Solution
Question
1 Approved Answer
UT In the current year, Pringle Company reported Sales of $1,420,000, Interest Expense of $12,000, Income Tax Expense of $13,000, and Net Income of $52,000.
UT In the current year, Pringle Company reported Sales of $1,420,000, Interest Expense of $12,000, Income Tax Expense of $13,000, and Net Income of $52,000. What is Pringle's times interest earned ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places.) 10 points Times interest earned ratio eBook
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started