Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN: 9781337115773
Author: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher: Cengage Learning
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Give me answer the general accounting question
Transcribed Image Text:In a recent year, Brightstar Industries had a net income of
$240,000, an interest expense of $45,000, and an income tax
expense of $35,000. What was Brightstar Industries' times
interest earned ratio for the year?
a) 7.11
b) 5.33
c) 8.25
d) 6.50
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