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The following information was obtained from Quayle Company's income statement: / La siguiente información se obtuvo del Estado de resultados de Quayle Company: Income before Interest and Income Tax Expense/ Ingreso antes de interés y gasto por impuestos $ 685,000 Interest Expense / Gasto por interés 75,000 Income before Income Tax Expense/ Utilidad antes de ISR 610,000 Income Tax Expense / Gasto por ISR 213,500 Net Income / Utilidad neta $396.500 What is the times interest earned ratio? /¿Cuál es la razón veces interés ganado? 8.13 9.13 1.73 5.29

The following information was obtained from Quayle Company's income statement: / La siguiente información se obtuvo del Estado de resultados de Quayle Company: Income before Interest and Income Tax Expense/ Ingreso antes de interés y gasto por impuestos $ 685,000 Interest Expense / Gasto por interés 75,000 Income before Income Tax Expense/ Utilidad antes de ISR 610,000 Income Tax Expense / Gasto por ISR 213,500 Net Income / Utilidad neta $396.500 What is the times interest earned ratio? /¿Cuál es la razón veces interés ganado? 8.13 9.13 1.73 5.29

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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The following information was obtained from Quayle Company's income statement: / La siguiente información se obtuvo del Estado de resultados de Quayle Company: Income before Interest and Income Tax Expense / Ingreso $ 685,000 antes de interés y gasto por impuestos Interest Expense / Gasto por interés 75,000 Income before Income Tax Expense / Utilidad antes de ISR 610,000 Income Tax Expense / Gasto por ISR 213,500 Net Income / Utilidad neta $396.500 What is the times interest earned ratio? /¿Cuál es la razón veces interés ganado? O 8.13 9.13 1.73 5.29
Transcribed Image Text:The following information was obtained from Quayle Company's income statement: / La siguiente información se obtuvo del Estado de resultados de Quayle Company: Income before Interest and Income Tax Expense / Ingreso $ 685,000 antes de interés y gasto por impuestos Interest Expense / Gasto por interés 75,000 Income before Income Tax Expense / Utilidad antes de ISR 610,000 Income Tax Expense / Gasto por ISR 213,500 Net Income / Utilidad neta $396.500 What is the times interest earned ratio? /¿Cuál es la razón veces interés ganado? O 8.13 9.13 1.73 5.29
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