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The times interest earned ratio is:

The times interest earned ratio is:

Intermediate Accounting: Reporting And Analysis
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
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 8RE: Given the following year-end information for Somerset Corporation, compute its basic earnings per...
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The times interest earned ratio is:
a. 2.8 to 1
b. 4.8 to 1
c. 8.0 to 1
d. 9.0 to 1
Selected financial data of Alexander Corporation for the year ended December 31, 2007, is presented below: Operating income Interest expense Income before income taxes P900,000 (100,000) 800,000 (320,000) 480,000 (200,000) 280.000 Income tax Net income Preferred stock dividend Net income avai la ble to common stockholders Common stock dividends were P120,000.
Transcribed Image Text:Selected financial data of Alexander Corporation for the year ended December 31, 2007, is presented below: Operating income Interest expense Income before income taxes P900,000 (100,000) 800,000 (320,000) 480,000 (200,000) 280.000 Income tax Net income Preferred stock dividend Net income avai la ble to common stockholders Common stock dividends were P120,000.
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