2. A company had income before interest expense and income taxes of $176,000, and its interest expense is $55,000. Calculate the company's times interest earned ratio.
4. A company borrowed $60,000 by signing a 60-day, 10% note payable from its bank. Compute the total cash payment due on the note's maturity date.

Answer rating: 100% (QA)

The times interest earned ratio is calculated by dividing the income before interest expense and inc... View the full answer