Palmar, Inc. provides the following selected Income Statement data for 2026: Operating Income $ 180 comma 000 Other Income and (Expenses):  Loss on Sale of Capital Assets (35,000) Interest Expense (9 comma 000) Total Other Income and (Expenses) (44 comma 000) Income Before Income Taxes 136 comma 000 Income Tax Expense 41 comma 000 Net Income $ 95 comma 000 

Calculate the times minus interest minus earned ratio (round final answer to two decimal places)

Answer rating: 100% (QA)

The times interest earned ratio measures a companys ability to cover its interest expe... View the full answer