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SOP Corporation furnished you with the following information: Net income after taxes P18,000 Income Tax 12,000 Interest Expense 80,000 Net Sales 620,000 Cost of Goods Sold 460,000 Operating Expenses 50,000 What is the times interest earned?

SOP Corporation furnished you with the following information: Net income after taxes P18,000 Income Tax 12,000 Interest Expense 80,000 Net Sales 620,000 Cost of Goods Sold 460,000 Operating Expenses 50,000 What is the times interest earned?

FINANCIAL ACCOUNTING
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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SOP Corporation furnished you with the following information: Net income after taxes P18,000 Income Tax 12,000 Interest Expense 80,000 Net Sales 620,000 Cost of Goods Sold 460,000 Operating Expenses 50,000 What is the times interest earned?
Transcribed Image Text:SOP Corporation furnished you with the following information: Net income after taxes P18,000 Income Tax 12,000 Interest Expense 80,000 Net Sales 620,000 Cost of Goods Sold 460,000 Operating Expenses 50,000 What is the times interest earned?
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