The following data come from the financial records of Bynum Corporation for 2011. Required How many times

Question:

The following data come from the financial records of Bynum Corporation for 2011.

Sales Interest expense Income tax expense Net income $840,000 5,000 27,000 28,000

Required
How many times was interest earned in 2011?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...