Balance sheet and income statement data indicate the following: Bonds payable, 10% (due in two years) Preferred 5% stock, $100 par (no change during year) Common stock, $50 par (no change during year) Income before income tax for year Income tax for year Common dividends paid Preferred dividends paid Interest expense Based on the data presented, what is the times interest earned ratio? Round your answer to two decimal places. 0.44 5.38 3.38 2.29 $908,000 261,400 1,678,600 397,347 85,626 83,930 13,070 90,800
Balance sheet and income statement data indicate the following: Bonds payable, 10% (due in two years) Preferred 5% stock, $100 par (no change during year) Common stock, $50 par (no change during year) Income before income tax for year Income tax for year Common dividends paid Preferred dividends paid Interest expense Based on the data presented, what is the times interest earned ratio? Round your answer to two decimal places. 0.44 5.38 3.38 2.29 $908,000 261,400 1,678,600 397,347 85,626 83,930 13,070 90,800
Chapter1: Financial Statements And Business Decisions
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