A company had interest expense of $6,600, income before interest expense and income taxes of $18,400, and net income of $8,800. The company's ti interest earned ratio equals: Multiple Choice, 2.09. 2.79. 4

A company had interest expense of $6,600, income before interest expense and income taxes of $18,400, and net income of $8,800. The company's ti interest earned ratio equals: Multiple Choice, 2.09. 2.79. 4

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 22Q: The following is select account information for August Sundries. Sales: $850,360; Sales Returns and...

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Question

A company had interest expense of $6,600, income before interest expense and income taxes of $18,400, and net income of $8,800. The company's times
interest earned ratio equals:
Multiple Choice:
()
2.09.
2.79
0.36.
0.75.
1.33.
A

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