Times interest earned A company reports the following: Income before income tax $2,227,800 Interest expense 158,000 Determine the number of times interest charges are earned. If required, round the answer to one decimal place. fill in the blank 1
Times interest earned A company reports the following: Income before income tax $2,227,800 Interest expense 158,000 Determine the number of times interest charges are earned. If required, round the answer to one decimal place. fill in the blank 1
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 7BE
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Times interest earned
A company reports the following:
Income before income tax | $2,227,800 |
Interest expense | 158,000 |
Determine the number of times interest charges are earned. If required, round the answer to one decimal place.
fill in the blank 1
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