Answered: Ron Landscaping's income statement…

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:

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter22: S Corporations

Section: Chapter Questions

Problem 16CE

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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:
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