In a recent year, Flounder Corp. had net income of $ 115000 , interest expense of $
Fantastic news! We've Found the answer you've been seeking!
Question:
In a recent year, Flounder Corp. had net income of $115000, interest expense of $18500, and income tax expense of $28500. What was Flounder Corp.’s times interest earned for the year?
Related Book For
Intermediate Accounting
ISBN: 978-0324659139
11th edition
Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones
Posted Date: