Recent financial statement data for Harmony Health Foods (HHF) Incorporated is shown below. Current liabilities 10% Bonds, long-term Total liabilities Shareholders' equity Common stock Retained earnings Total shareholders' equity Total liabilities and equity HHF's times interest earned ratio is: Note: Round your answer to 2 decimal places. Multiple Choice 10.00. 2.33. 3.33. $198 400 598 216 281 497 $ 1,095 Income before interest and taxes Interest expense Income before tax Income tax Net income $ 133 40 93 26 $ 67
Recent financial statement data for Harmony Health Foods (HHF) Incorporated is shown below. Current liabilities 10% Bonds, long-term Total liabilities Shareholders' equity Common stock Retained earnings Total shareholders' equity Total liabilities and equity HHF's times interest earned ratio is: Note: Round your answer to 2 decimal places. Multiple Choice 10.00. 2.33. 3.33. $198 400 598 216 281 497 $ 1,095 Income before interest and taxes Interest expense Income before tax Income tax Net income $ 133 40 93 26 $ 67
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Vishnu
Transcribed Image Text:Recent financial statement data for Harmony Health Foods (HHF) Incorporated is shown below.
Current liabilities
10% Bonds, long-term
Total liabilities
Shareholders' equity
Common stock
Retained earnings
Total shareholders' equity
Total liabilities and equity
HHF's times interest earned ratio is:
Note: Round your answer to 2 decimal places.
Multiple Choice
10.00.
2.33.
3.33.
$198
400
598
216
281
497
$ 1,095
Income before interest and taxes
Interest expense
Income before tax
Income tax
Net income
$ 133
40
93
26
$ 67
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