Balance sheet and income statement data indicate the following: Bonds payable, 11% (due in 15 years)...

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Balance sheet and income statement data indicate the following: Bonds payable, 11% (due in 15 years) $981,174 Preferred 8% stock, $100 par (no change during the year) $200,000 Common stock, $50 par (no change during the year) $1,000,000 Income before income tax for year $326,897 Income tax for year $98,069 Common dividends paid $60,000 Preferred dividends paid $16,000 Based on the data presented above, what is the times interest earned ratio (round to two decimal places)? Оа. 303 Ob. 2.12 Oc. 1.12 Od. 403 Balance sheet and income statement data indicate the following: Bonds payable, 11% (due in 15 years) $981,174 Preferred 8% stock, $100 par (no change during the year) $200,000 Common stock, $50 par (no change during the year) $1,000,000 Income before income tax for year $326,897 Income tax for year $98,069 Common dividends paid $60,000 Preferred dividends paid $16,000 Based on the data presented above, what is the times interest earned ratio (round to two decimal places)? Оа. 303 Ob. 2.12 Oc. 1.12 Od. 403

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Working Income before income tax EBT 326897 Add ... View the full answer