In a recent year, Wildhorse Corporation reported net income of $203100, interest expense of $47000, and income tax expense of $93000. What was Wildhorse's times interest earned for the year? O 7.3 4.3 5.3 6.3
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- In the recent year Sheridan Company had net income of $207400, interest expense of $54000, and tax expense of $95000. What was Sheridan Company's times interest earned for the year? 4.8 3.8 5.6 6.6In a recent year, Crane Corporation reported net income of $205800, interest expense of $47000, and income tax expense of $95000. What was Crane's times interest earned for the year? 6.4 O 5.4 O 7.4 O 4.4In the recent year Hill Corporation had net income of $140,000, interest expense of $40,000, and tax expense of $20,000. What was Hill Corporation's times interest earned ratio for the year? Select one: О а. 4.0 O a. ОБ. 3.5 Ob. 3.0 d. 5.0
- Sprout Company reported the following on the company's income statement in two recent years: Current Year Prior Year Interest expense $510,000 $480,000 Income before income tax expense 5,610,000 6,720,000 a. Determine the times interest earned ratio for the current year and the prior year. Current year Prior Year b. Is the times interest earned ratio improving or declining?In a recent year, Cullumber Corporation had net income of $746000, interest expense of $146000, and a times interest earned ratio of 9. What was Cullumber Corporation's income before taxes for the year? Select answer from the options below $1168000 $943111 $1460000 $1314000. Great Products, Inc. reported the following on the company’s income statement in two recent years:Current Year Prior YearInterest Expense $270,000 $250,000Income before income tax expense 4,212,000 3,450,000a. Determine the times interest earned ratio for the current year and the prior year. Round to one decimal place. b. Is the times interest earned ratio improving or declining?
- K McDaniel and Associates, Inc. reported the following amounts on its 2024 income statement: Year Ended December 31, 2024 Net income Income tax expense Interest expense $ 22,950 6,600 3,000 What was McDaniel's times-interest-earned ratio for 2024? OA. 7.65 OB. 10.85 OC. 9.85 OD. 8.65 point(s) possible ...In recent year Palestine Corporation had a net income of $12,500, interest expense of $2,500, and a times interest earned of 9. What was Palestine Corporation’s income before taxes for the year?In a recent year Crane Corporation had net income of $140000, interest expense of $30000, and tax expense of $13000. What was Crane Corporation’s times interest earned for the year?
- Oriole Company reported the following on its income statement: Income before income taxes $816000 Income tax expense 138000 Net income $678000 An analysis of the income statement revealed that interest expense was $68000. Oriole Company's times interest earned wasIn a recent year Ley Corporation had net income of $150,000, interest expense of $30,000, and a times interest earned ratio of 7. What was Ley Corporation's income before taxes for the year?Loomis, Inc. reported the following on the company's income statement in two recent years: Current Year Prior Year $ 13,500,000 Interest expense $ 16,000,000 Income before income tax expense 432,000,000 310,500,000 a. Determine the times interest earned ratio for the current year and the prior year. Round to one decimal place. Is this ratio improving or declining? b.