Balance sheet and income statement data indicate the following: Bonds payable, 10% (due in two years) $826,000 Preferred 5% stock, $100 par (no change during year) 277,000 Common stock, $50 par (no change during year) 1,530,000 Income before income tax for year 342,000 Income tax for year 79,000 Common dividends paid 76,500 Preferred dividends paid 13,850 Based on the data presented, what is the times interest earned ratio (rounded to one decimal place)
+5
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Balance sheet and income statement data indicate the following: Bonds payable, 10% (due in two years) $826,000 Preferred 5% stock, $100 par ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Home » Business » Balance sheet and income statement data indicate the following: Bonds payable, 10% (due in two years) $826,000 Preferred 5% stock, $100 par (no change during year) 277,000 Common stock, $50 par (no change during year) 1,530,000 Income before income