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:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

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:
Multiple Choice
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