plz help Neilson Electronics reported the following amounts on its 2024 income statement:(Click the icon to view the amounts.)What is Neilson's times-interest-earned ratio for 2024? (Round to two decimals.)Times-interest-earned ratio formulaTimes-interest-earnedratio(Net income + Income tax expense + Interest expense) + Income tax expense(Net income + Income tax expense + Interest expense) + Interest expense(Net income + Income tax expense + Interest expense) + Net income(Net income - Income tax expense - Interest expense) + Income tax expense(Net income - Income tax expense - Interest expense) + Interest expense(Net income - Income tax expense - Interest expense) + Net incomeData tableYear Ended December 31, 2024Net income$47,000Income tax expense7,050Interest expense4,700PrintDoneC...Next

TIE Ratio = EBIT / Interest expense So we need to add back the interest expense and income tax…

Answered: Neilson Electronics reported the…

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 12P

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