In a recent year, Wildhorse Corporation reported net income of $203100, interest expense of $47000, and income tax expense of $93000. What was Wildhorse's times interest earned for the year? O 7.3 4.3 5.3 6.3

In a recent year, Wildhorse Corporation reported net income of $203100, interest expense of $47000, and income tax expense of $93000. What was Wildhorse's times interest earned for the year? O 7.3 4.3 5.3 6.3

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...

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Question

Ashvinn

In a recent year, Wildhorse Corporation reported net income of $203100, interest expense of $47000, and income tax expense of
$93000. What was Wildhorse's times interest earned for the year?
O 7.3
4.3
5.3
6.3

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