In a recent year, Derek Corporation had net income of ($ 150,000), interest expense of ($ 30,000),
Question:
In a recent year, Derek Corporation had net income of \(\$ 150,000\), interest expense of \(\$ 30,000\), and income tax expense of \(\$ 20,000\). What was Derek Corporation's times interest earned for the year?
a. 5.00 ,
b. 4.00 .
c. 6.67 .
d. 7.50 .
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c Times interest earned Net inc...View the full answer
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Related Book For
Financial Accounting Tools For Business Decision Making
ISBN: 9781119791089
10th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Jill E. Mitchell
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