FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
Hsu Company reported the following on its income statement:
Income before income taxes | $343,271 | |
Income tax expense | 102,981 | |
Net income | $240,290 |
Interest expense was $60,867. Hsu Company's times interest earned ratio (rounded to two decimal places) is
a.3.95 times
b.5.64 times
c.2.95 times
d.6.64 times
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