he Johnson's Company had net income(after tax) = 500,000 USD, Johnson's Company's income statement included Income Tax Expense = 150,000 USD; Interest Expense = 50,000 USD. What is the times interest earned for the Johnson's Company?

he Johnson's Company had net income(after tax) = 500,000 USD, Johnson's Company's income statement included Income Tax Expense = 150,000 USD; Interest Expense = 50,000 USD. What is the times interest earned for the Johnson's Company?

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter6: Deductions And Losses: In General

Section: Chapter Questions

Problem 56P

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The Johnson's Company had net income(after tax) = 500,000 USD, Johnson's Company's income statement included Income Tax Expense = 150,000 USD; Interest Expense = 50,000 USD. What is the times interest earned for the Johnson's Company?

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