What is the number of times interest charges are earned if the business has net income before

Question:

What is the number of times interest charges are earned if the business has net income before taxes of $600,000 and a $1,500,000 bond payable with a rate of 10%?

Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a... Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...