In a recent year, Brightstar Industries had a net income of $240,000, an interest expense of $45,000, and an income tax expense of $35,000. What was Brightstar Industries' times interest earned ratio for the year? a) 7.11 b) 5.33 c) 8.25 d) 6.50

In a recent year, Brightstar Industries had a net income of $240,000, an interest expense of $45,000, and an income tax expense of $35,000. What was Brightstar Industries' times interest earned ratio for the year? a) 7.11 b) 5.33 c) 8.25 d) 6.50

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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Question

Give me answer the general accounting question

In a recent year, Brightstar Industries had a net income of
$240,000, an interest expense of $45,000, and an income tax
expense of $35,000. What was Brightstar Industries' times
interest earned ratio for the year?
a) 7.11
b) 5.33
c) 8.25
d) 6.50

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