Fundamentals Of Financial Accounting
6th Edition
ISBN: 9781259864230
Author: PHILLIPS, Fred, Libby, Robert, Patricia A.
Publisher: Mcgraw-hill Education,
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Textbook Question
Chapter 10, Problem 9MC
In a recent year. Land O’ Lakes, Inc., reported (in millions) Income from Operations of $206, Net Income of $160, Interest Expense of $63, and Income Tax Expense of $15. What was this dairy company’s times interest earned ratio (rounded) for the year?
- a. 1.49
- b. 2.53
- c. 3.27
- d. 3.78
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In a recent year, Land O’ Lakes, Inc., reported (in millions) Income from Operations of $206, Net Income of$160, Interest Expense of $63, and Income Tax Expenseof $15. What was this dairy company’s times interestearned ratio (rounded) for the year?a. 1.49b. 2.53c. 3.27d. 3.78
Sprout Company reported the following on the company's income statement in two recent years:
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Prior Year
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432,000,000
a. Determine the times interest earned ratio for the current year and the prior year.
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fill in the blank 1
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Chapter 10 Solutions
Fundamentals Of Financial Accounting
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