Answered: imes interest earned A company reports…

imes interest earned A company reports the following: Income before income tax expense $4,628,400 Interest expense 203,000 Determine the times interest earned. Round to one decimal place.

Corporate Financial Accounting

14th Edition

ISBN:9781305653535

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter14: Financial Statement Analysis

Section: Chapter Questions

Problem 14.7BE

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Question

imes interest earned
A company reports the following:
Income before income tax expense $4,628,400
Interest expense
203,000
Determine the times interest earned. Round to one decimal place.

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