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?
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
Related questions
Question
![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?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa6b6a617-3a31-4f79-aa05-acc97865d8d2%2Fdc4fae84-6b01-4862-9d8e-5ae9301478ae%2Fv7w6tkb_processed.jpeg&w=3840&q=75)
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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