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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
pregunta anexa
question in image
![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa81e3864-94e5-49ad-9f68-14c289dfc0e6%2Fda870d2e-e548-4109-8ac1-6ab94ef4e3c3%2Fl1r1iw_processed.jpeg&w=3840&q=75)
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
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education