In a recent year, Anderson Manufacturing Inc. had a net income of $180,000, an interest expense of $40,000, and an income tax expense of $25,000. What was Anderson Manufacturing Inc.'s time's interest earned (TIE) ratio for the year?

In a recent year, Anderson Manufacturing Inc. had a net income of $180,000, an interest expense of $40,000, and an income tax expense of $25,000. What was Anderson Manufacturing Inc.'s time's interest earned (TIE) ratio for the year?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

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Question

What was Anderson manufacturing Inc.s time's internet earned ratio for the year of this financial accounting question?

In a recent year, Anderson Manufacturing Inc. had a net
income of $180,000, an interest expense of $40,000, and an
income tax expense of $25,000.
What was Anderson Manufacturing Inc.'s time's interest
earned (TIE) ratio for the year?

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