In a recent year, Wildhorse Corporation reported net income of $203100, interest expense of $47000, and income tax expense of $93000. What was Wildhorse's times interest earned for the year? O 7.3 4.3 5.3 6.3
In a recent year, Wildhorse Corporation reported net income of $203100, interest expense of $47000, and income tax expense of $93000. What was Wildhorse's times interest earned for the year? O 7.3 4.3 5.3 6.3
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:In a recent year, Wildhorse Corporation reported net income of $203100, interest expense of $47000, and income tax expense of
$93000. What was Wildhorse's times interest earned for the year?
O 7.3
4.3
5.3
6.3
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