Times interest earned A company reports the following: Income before income tax $2,227,800 Interest expense 158,000 Determine the number of times interest charges are earned. If required, round the answer to one decimal place. fill in the blank 1

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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Times interest earned

A company reports the following:

Income before income tax $2,227,800
Interest expense 158,000

Determine the number of times interest charges are earned. If required, round the answer to one decimal place.
fill in the blank 1

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