Question
You have the following financial information on Avatar Inc. for the most recent fiscal year: interest expense was $5,450; sales were $95,000; depreciation expense was
You have the following financial information on Avatar Inc. for the most recent fiscal year: interest expense was $5,450; sales were $95,000; depreciation expense was $3,200; and operating costs were $44,308. What is the times interest earned ratio?
8.71
10.46
11.17
12.46
Cannot be determined from the information given.
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Financial Reporting And Statement Analysis A Strategic Approach
Authors: Clyde P. Stickney, Paul Brown, James M. Wahlen
5th Edition
032418638X, 978-0324186383
