"A company's net income (after tax) was $400,000 for its most recent year. The company's income statement included Income Tax Expense of $140,000 and Interest Expense of $60,000. At the beginning of the year the company's stockholders' equity was $1,900,000 and at the end of the year it was $2,100,000. The times interest earned ratio for the company is?

Answer rating: 100% (QA)

The times interest earned ratio also known as the interest coverage r... View the full answer