Save Mart had income before interest expense and income taxes of 12, $508 million and interest expense of 1000 $60 million value land had income before interest expense and income taxes of 3000 $534 million and interest expense of 1000 $140 million calculate the times interest earned for each company and comment on the results

Save Mart had income before interest expense and income taxes of 12, $508 million and interest expense of 1000 $60 million value land had income before interest expense and income taxes of 3000 $534 million and interest expense of 1000 $140 million calculate the times interest earned for each company and comment on the results

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 3P

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How do I calculae the times interest earned ratio?
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