Times interest earnedA company reports the following:Income before income tax expense$4,300,000Interest expense600,000Determine the times interest earned ratio. Round your answer to one decimal place.fill in the blank 1

Solution: Income before Interest and income tax expense = Income before income tax expense +…

Answered: Times interest earned A company…

Times interest earned A company reports the following: Income before income tax expense $4,300,000 Interest expense 600,000

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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Times interest earned

A company reports the following:

Income before income tax expense	$4,300,000
Interest expense	600,000

Determine the times interest earned ratio. Round your answer to one decimal place.
fill in the blank 1

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