Hsu Company reported the following on its income statement: Income before income tax expense Income tax expense $382,633 (114,790) $267,843 Interest expense was $76,873. Hsu Company's times interest earned ratio is a. 3.48 X b. 2.48 c. 5.98 Net income A 4.00

Hsu Company reported the following on its income statement: Income before income tax expense Income tax expense $382,633 (114,790) $267,843 Interest expense was $76,873. Hsu Company's times interest earned ratio is a. 3.48 X b. 2.48 c. 5.98 Net income A 4.00

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter14: Financial Statement Analysis

Section: Chapter Questions

Problem 26E: Comprehensive income Anson Industries, Inc., reported the following information on its 20Y1 income...

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Question

Subject : Accounting

Hsu Company reported the following on its income statement:
Income before income tax expense
Income tax expense
$382,633
(114,790)
$267,843
Interest expense was $76,873. Hsu Company's times interest earned ratio is
a. 3.48
Net income
Xb. 2.48
c. 5.98
A 1.00

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