During 2019, Patty's Pizza reported net income of $4,612 million, interest expense of $171 million and income tax expense of $1,572 million. During 2018, Patty's reported net income of $3,968 million, interest expense of $167 million and income tax expense of $1,624 million. The times interest earned ratios for 2019 and 2018, respectively, are closest to: Multiple Choice O 34.49 and 37.16 times. 35.16 and 32.49 times. 36.16 and 33.49 times. 37.16 and 34.49 times.

During 2019, Patty's Pizza reported net income of $4,612 million, interest expense of $171 million and income tax expense of $1,572 million. During 2018, Patty's reported net income of $3,968 million, interest expense of $167 million and income tax expense of $1,624 million. The times interest earned ratios for 2019 and 2018, respectively, are closest to: Multiple Choice O 34.49 and 37.16 times. 35.16 and 32.49 times. 36.16 and 33.49 times. 37.16 and 34.49 times.

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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