A company reports the following: Income before income tax............$4,000,000 Interest expense............................400,000 Determine the times interest earned ratio.

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A company reports the following:
Income before income tax............$4,000,000
Interest expense............................400,000
Determine the times interest earned ratio. Round to one decimal place.

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Accounting

ISBN: 978-1337899451

27th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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Question Posted: May 08, 2017 11:47 AM

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A company reports the following: Income before income tax............$4,000,000 Interest expense............................400,000 Determine the times interest earned ratio.

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