During 2019, Patty's Pizza reported net income of $4,212 million, interest expense of $167 million and income tax expense of $1,372 million. During 2018, Patty's reported net income of $3,568 million, interest expense of $163 million and income tax expense of $1,424 million. The times interest earned ratios for 2019 and 2018, respectively, are closest to: Group of answer choices 34.1 and 26.6 times. 28.4 and 23.8 times. 32.2 and 29.4 times. 34.4 and 31.6 times.
During 2019, Patty's Pizza reported net income of $4,212 million, interest expense of $167 million and income tax expense of $1,372 million. During 2018, Patty's reported net income of $3,568 million, interest expense of $163 million and income tax expense of $1,424 million. The times interest earned ratios for 2019 and 2018, respectively, are closest to: Group of answer choices 34.1 and 26.6 times. 28.4 and 23.8 times. 32.2 and 29.4 times. 34.4 and 31.6 times.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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answer must be in propert format or i will give down vote
Transcribed Image Text:During 2019, Patty's Pizza reported net income of $4,212 million, interest expense of $167 million and income tax expense of $1,372 million. During 2018,
Patty's reported net income of $3,568 million, interest expense of $163 million and income tax expense of $1,424 million. The times interest earned ratios for
2019 and 2018, respectively, are closest to:
Group of answer choices
34.1 and 26.6 times.
28.4 and 23.8 times.
32.2 and 29.4 times.
34.4 and 31.6 times.
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