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16 July, 07:31

A company's had fixed interest expense of $5,000, its income before interest expense and income taxes is $17,000, and its net income is $9,400. the company's times interest earned ratio equals:

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  1. 16 July, 08:55
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    A company's had fixed interest expense of $5,000, its income before interest expense and income taxes is $17,000, and its net income is $9,400. the company's times interest earned ratio equals to 3.4 times. $17000 / $ 5000 = 3.4 times
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