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Golden Corp. had a net income of $180,000, an interest expense of $40,000, and an income tax expense of $25,000. What was Golden Corp.'s time's interest earned ratio for the year? a) 5.50 b) 4.25 c) 6.13 d) 7.22

Golden Corp. had a net income of $180,000, an interest expense of $40,000, and an income tax expense of $25,000. What was Golden Corp.'s time's interest earned ratio for the year? a) 5.50 b) 4.25 c) 6.13 d) 7.22

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 52E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...
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What was the interest earned ratio for the year on these financial accounting question?

Golden Corp. had a net income of $180,000, an interest expense of $40,000, and an income tax expense of $25,000. What was Golden Corp.'s time's interest earned ratio for the year? a) 5.50 b) 4.25 c) 6.13 d) 7.22
Transcribed Image Text:Golden Corp. had a net income of $180,000, an interest expense of $40,000, and an income tax expense of $25,000. What was Golden Corp.'s time's interest earned ratio for the year? a) 5.50 b) 4.25 c) 6.13 d) 7.22
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