Oak Corporation's financial statements for the current year showed the following: Note: Round your answers to 2 decimal places. Income Statement Revenues Expenses Interest expense Pretax income Income tax (218) Net income $870,000 (634,000) (16,100) Times interest earned ratio 219,900 (46,179) $173,721 Compute Oak's times interest earned ratio.

Oak Corporation's financial statements for the current year showed the following: Note: Round your answers to 2 decimal places. Income Statement Revenues Expenses Interest expense Pretax income Income tax (218) Net income $870,000 (634,000) (16,100) Times interest earned ratio 219,900 (46,179) $173,721 Compute Oak's times interest earned ratio.

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter2: Analyzing Transactions

Section: Chapter Questions

Problem 23E: The following data (in millions) are taken from the financial statements of Target Corporation: a....

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