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For the following income statement, compute the company's time's interest earned ratio. Revenues $ 175,700 COGS $ 85,600 Gross Profit $ 90,100 SG&A $ 21,700 Operating Profit (EBIT) $ 68,400 Interest Expense $3,200 EBT $ 65,200 Income Taxes $ 19,560 Net Income $ 45,640 Group of answer choices 54.91 28.16 21.38 4.68%

For the following income statement, compute the company's time's interest earned ratio. Revenues $ 175,700 COGS $ 85,600 Gross Profit $ 90,100 SG&A $ 21,700 Operating Profit (EBIT) $ 68,400 Interest Expense $3,200 EBT $ 65,200 Income Taxes $ 19,560 Net Income $ 45,640 Group of answer choices 54.91 28.16 21.38 4.68%

Essentials Of Investments
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
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For the following income statement, compute the company's time's interest earned ratio. Revenues $ 175,700 COGS $ 85,600 Gross Profit $ 90,100 SG&A $ 21,700 Operating Profit (EBIT) $ 68,400 Interest Expense $ 3,200 EBT $ 65,200 Income Taxes $ 19,560 Net Income $ 45,640 Group of answer choices 54.91 28.16 21.38 4.68%
Transcribed Image Text:For the following income statement, compute the company's time's interest earned ratio. Revenues $ 175,700 COGS $ 85,600 Gross Profit $ 90,100 SG&A $ 21,700 Operating Profit (EBIT) $ 68,400 Interest Expense $ 3,200 EBT $ 65,200 Income Taxes $ 19,560 Net Income $ 45,640 Group of answer choices 54.91 28.16 21.38 4.68%
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