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What would be a company's "timesInterest earned ratio if interest paid on loans amount to P9.000 and its net income after Income tax is P99 000. (Assume a 25% Income tax rate on first P100.000 of Income and 35% Income tax rate on Income In excess of P100,000) O 12 tmes 13 imes O 16.21 imes 10 times

What would be a company's "timesInterest earned ratio if interest paid on loans amount to P9.000 and its net income after Income tax is P99 000. (Assume a 25% Income tax rate on first P100.000 of Income and 35% Income tax rate on Income In excess of P100,000) O 12 tmes 13 imes O 16.21 imes 10 times

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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What would be a companys times interest earned ratio if interest paid on loans amount to P9.000 and its net income after Income taxis P99 000. (Assume a 25% income tax rate on first P100.000 of tecome and 35% Income tax rate on Income In excess of P100,000) O 12 Umes O13 imes O 1621 tmes O10 times
Transcribed Image Text:What would be a companys times interest earned ratio if interest paid on loans amount to P9.000 and its net income after Income taxis P99 000. (Assume a 25% income tax rate on first P100.000 of tecome and 35% Income tax rate on Income In excess of P100,000) O 12 Umes O13 imes O 1621 tmes O10 times
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