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What is Montana Corps, times interest earned ratio? Montana Corp. presents the following financial statement information Montana Corp. presents the following financial statement information Selected

image text in transcribedWhat is Montana Corps, times interest earned ratio?

Montana Corp. presents the following financial statement information

Montana Corp. presents the following financial statement information Selected Balances MONTANA CORP. Balance Sheet At December 31.2021 Cash $19,500 Notes receivable (due August 15, 2022) 30,000 Accounts receivable (net) Merchandise inventry Property. plant. and equipment (net) Intangible assets Total assets Current liabilities Bonds (long-term) Common stock Retained earnings Total liabilities and equity Selected Accounts MONTANA CORP. Income Statement 48,600 70,900 255,000 12,600 $436,600 $104,000 105,000 71,000 156,600 $436,600 For the Year ended December 31.2021 Sales Cost of goods sold Gross profit Operating expenses Operating income L Interest expense Income before income tax Income tax expense Net income $719,000 427,400 $291,600 167,400 $124,200 10,500 $113,700 34.110 S 79,590

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