Kelso had income before interest expense and income taxes of $570 million and interest expense of $37 million. Calculate Kelso' times interest earned.
What will be an ideal response?
15.4
Feedback: Times Interest Earned Ratio = Income before Interest Expense and Income Taxes/Interest
Expense
Times Interest Earned Ratio = $570/$37 = 15.4
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What will be an ideal response?
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