Ron Landscaping's income statement reports net income of $76,200, which includes deductions for interest expense of $12,800 and income taxes of $36,500. Its times interest earned is:

Q: Byron Books Inc. recently reported $15 million of net income. Its EBIT was $36.4 million, and its…

A: A company's sales, expenses, and net profit for a certain time are all shown on an income statement,…

Q: In a recent year Crane Corporation had net income of $140000, interest expense of $30000, and tax…

A:

Q: Goldfinger Corporation had account balances at the end of the currentyear as follows: sales revenue,…

A: The income statement shows the income earned during the year by the company.

Q: National Company's net income last year was P65,000 and its interest expense was P15,000. Total…

A: The return on total assets is calculated as net income divided by average total assets.