Homework Help is Here – Start Your Trial Now!
Business
Accounting
In a recent year, Blueridge Innovations had a net income of $350,000, an interest expense of $70,000, and an income tax expense of $50,000. What was Blueridge Innovations' time's interest earned ratio for the year? A) 5.0 B) 6.0 C) 6.7 D) 7.0

In a recent year, Blueridge Innovations had a net income of $350,000, an interest expense of $70,000, and an income tax expense of $50,000. What was Blueridge Innovations' time's interest earned ratio for the year? A) 5.0 B) 6.0 C) 6.7 D) 7.0

Intermediate Accounting: Reporting And Analysis
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
Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...
See similar textbooks
icon
Related questions
Question
100%

What was blueridge innovation time interest general accounting ratio for the year?

In a recent year, Blueridge Innovations had a net income of $350,000, an interest expense of $70,000, and an income tax expense of $50,000. What was Blueridge Innovations' time's interest earned ratio for the year? A) 5.0 B) 6.0 C) 6.7 D) 7.0
Transcribed Image Text:In a recent year, Blueridge Innovations had a net income of $350,000, an interest expense of $70,000, and an income tax expense of $50,000. What was Blueridge Innovations' time's interest earned ratio for the year? A) 5.0 B) 6.0 C) 6.7 D) 7.0
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Intermediate Financial Management (MindTap Course…
Intermediate Financial Management (MindTap Course…
Finance
ISBN:
9781337395083
Author:
Eugene F. Brigham, Phillip R. Daves
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS