A company has an earnings before interest and taxes (EBIT) of $120,000 and interest expenses of $30,000. What is the times interest earned ratio? A) 3 B) 4 C) 5 D) 6
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- A company's income before interest expense and income taxes is $425,000, and its interest expense is $115,000. Its times interest earned ratio is: Multiple Choice 7.40 0.27 343 2.43 3.70Merryweather Corporation reported net income of $150,000, income before taxes of$240,000 and interest expense of $32,000. What is the times-interest-earned ratio? (Roundyour final answer to two decimal places.)a. 4.69b. 5.69c. 7.50d. 8.50K 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 ...
- A company reports the following:Income before income tax $8,000,000Interest expense 500,000Determine the times interest earned ratio. Round to one decimal place.es Assume a company provided the following information: Net operating income Net income before tax Net income Gross margin The times interest earned ratio is closest to: $ 208,000 $ 170,000 $ 119,000 $ 680,0003
- A company’s income statement shows interest expense of $5 million, sales revenue of $50 million, earnings before interest and taxes of $20 million, and net income of $8 million. This company has a times interest earned (or interest coverage) ratio of A.4 B.0.25 C.1.6 D.10Times interest earned A company reports the following: Income before income tax expense $6,000,000 Interest expense 300,000 Determine the times interest earned ratio.fill in the blank 1a companys income before interest expense and income taxes is 175,000 and its inerest expense is 65,000. its time interest earned ratio is?