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Find: Times Interest Earned Question: Given the times interest earned, will the company able to repay their interest expense in case they decide to get additional loans for capital?

Find: Times Interest Earned Question: Given the times interest earned, will the company able to repay their interest expense in case they decide to get additional loans for capital?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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3. Financial Ratios I. Given Current Assets Common Equity Current Liabilities Interest Expense EBIT 4,000,000.00 1,500,000.00 2,500,000.00 539,000.00 2,493,000.00 Find: Times Interest Earned Question: Given the times interest earned, will the company able to repay their interest expense in case they decide to get additional loans for capital? 3
Transcribed Image Text:3. Financial Ratios I. Given Current Assets Common Equity Current Liabilities Interest Expense EBIT 4,000,000.00 1,500,000.00 2,500,000.00 539,000.00 2,493,000.00 Find: Times Interest Earned Question: Given the times interest earned, will the company able to repay their interest expense in case they decide to get additional loans for capital? 3
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