Gen Combo Ll Financial Accounting: Information For Decisions; Connect Ac
Gen Combo Ll Financial Accounting: Information For Decisions; Connect Ac
9th Edition
ISBN: 9781260260779
Author: Wild
Publisher: MCG
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Chapter 9, Problem 14E
Summary Introduction

Times Interest earned:

Times Interest earned is a ratio which states the earning capacity of the business to serve the interest expenses of the business. The Times interest earned shall be computed by dividing the net income before interest and taxes by the total interest of the period. The higher the ratio, the better is the capacity of the business to serve the interest expenses.

To determine: The computation of Times interest earned to be made.

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Gen Combo Ll Financial Accounting: Information For Decisions; Connect Ac

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