Answered: A company reports the following:…

A company reports the following: Income before income tax $565,120 Interest expense 88,300 Determine the times interest earned. Round your answer to one decimal place.

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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Question

A company reports the following:

	Income before income tax	$565,120
	Interest expense	88,300

Determine the times interest earned. Round your answer to one decimal place.
fill in the blank 1

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