Recent financial statement data for Harmony Health Foods (HHF) Inc. is shown below: Current liabilities $186 Income before interest and taxes $190 10% Bonds, long-term 350 Interest expense 35 Total liabilities 536 Income before tax 155 Stockholders' equity Income tax 31 Common stock 230 Net income $124 Retained earnings 298 Total stockholders' equity 528 Total liabilities and equity $1,064 HHE's times interest earned ratio is: (Round your answer to 2 decimal places.)
Recent financial statement data for Harmony Health Foods (HHF) Inc. is shown below: Current liabilities $186 Income before interest and taxes $190 10% Bonds, long-term 350 Interest expense 35 Total liabilities 536 Income before tax 155 Stockholders' equity Income tax 31 Common stock 230 Net income $124 Retained earnings 298 Total stockholders' equity 528 Total liabilities and equity $1,064 HHE's times interest earned ratio is: (Round your answer to 2 decimal places.)
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 20BEA: The income statement, statement of retained earnings, and balance sheet for Somerville Company are...
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