SOP Corporation furnished you with the following information: Net income after taxes P18,000 Income Tax 12,000 Interest Expense 80,000 Net Sales 620,000 Cost of Goods Sold 460,000 Operating Expenses 50,000 What is the times interest earned?

SOP Corporation furnished you with the following information: Net income after taxes P18,000 Income Tax 12,000 Interest Expense 80,000 Net Sales 620,000 Cost of Goods Sold 460,000 Operating Expenses 50,000 What is the times interest earned?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 10P: The Moore Corporation has operating income (EBIT) of 750,000. The companys depreciation expense is...

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SOP Corporation furnished you with the following information:
Net income after taxes
P18,000
Income Tax
12,000
Interest Expense
80,000
Net Sales
620,000
Cost of Goods Sold
460,000
Operating Expenses
50,000
What is the times interest earned?

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