Neilson Electronics reported the following amounts on its 2024 income statement: (Click the icon to view the amounts.) What is Neilson's times-interest-earned ratio for 2024? (Round to two decimals.) Times-interest-earned ratio formula Times-interest-earned ratio (Net income + Income tax expense + Interest expense) + Income tax expense (Net income + Income tax expense + Interest expense) + Interest expense (Net income + Income tax expense + Interest expense) + Net income (Net income - Income tax expense - Interest expense) + Income tax expense (Net income - Income tax expense - Interest expense) + Interest expense (Net income - Income tax expense - Interest expense) + Net income Data table Year Ended December 31, 2024 Net income $ 47,000 Income tax expense 7,050 Interest expense 4,700 Print Done C... Next
Neilson Electronics reported the following amounts on its 2024 income statement: (Click the icon to view the amounts.) What is Neilson's times-interest-earned ratio for 2024? (Round to two decimals.) Times-interest-earned ratio formula Times-interest-earned ratio (Net income + Income tax expense + Interest expense) + Income tax expense (Net income + Income tax expense + Interest expense) + Interest expense (Net income + Income tax expense + Interest expense) + Net income (Net income - Income tax expense - Interest expense) + Income tax expense (Net income - Income tax expense - Interest expense) + Interest expense (Net income - Income tax expense - Interest expense) + Net income Data table Year Ended December 31, 2024 Net income $ 47,000 Income tax expense 7,050 Interest expense 4,700 Print Done C... Next
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Neilson Electronics reported the following amounts on its 2024 income statement:
(Click the icon to view the amounts.)
What is Neilson's times-interest-earned ratio for 2024? (Round to two decimals.)
Times-interest-earned ratio formula
Times-interest-earned
ratio
(Net income + Income tax expense + Interest expense) + Income tax expense
(Net income + Income tax expense + Interest expense) + Interest expense
(Net income + Income tax expense + Interest expense) + Net income
(Net income - Income tax expense - Interest expense) + Income tax expense
(Net income - Income tax expense - Interest expense) + Interest expense
(Net income - Income tax expense - Interest expense) + Net income
Data table
Year Ended December 31, 2024
Net income
$
47,000
Income tax expense
7,050
Interest expense
4,700
Print
Done
C...
Next
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