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25 April, 01:15

In a recent year hart corporation had net income of $125,000, interest expense of $30,000, and tax expense of $40,000. what was hart corporation's times interest earned for the year?

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  1. 25 April, 03:26
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    Net income = $125,000

    Interest expense = $30,000

    Tax expense = $40,000

    Interest times hart corporation earned for the year = ?

    First add all the expenses and then divided by interest expense to get interest times.

    = ($125,000 + $30,000 + $40,000) / $30,000

    = $195,000 / $30,000

    = 6.5
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