Franks Boat Shop, inc. reports operating income of $90,000 and interest expense of $20,000. The average number of shares of common stock outstanding during the year was 30,000 shares. What is the times--interest--earned ration?(round your final answer to two decimal places) A. 8.45 B. 5.50 C. 4.50 D. 2.95

Principles of Accounting Volume 1
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Chapter14: Corporation Accounting
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Problem 23EB: Bastion Corporation earned net income of $200,000 this year. The company began the year with 10,000...
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Franks Boat Shop, inc. reports operating income of $90,000 and interest expense of $20,000. The average number of shares of common stock outstanding during the year was 30,000 shares. What is the times--interest--earned ration?(round your final answer to two decimal places) A. 8.45 B. 5.50 C. 4.50 D. 2.95
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