A company had interest expense of $7800, income before interest expense and income taxes of $19,200, and net income of $9600. The company's times interest earned ratio equals:
A. 0.81.
B. 1.23.
C. 2.46.
D. 2.00.
E. 0.41.
Answer: C
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Answer the following statements true (T) or false (F)
1. The United Way Payable account would normally be shown on the balance sheet under current liabilities. 2. FICA—OASDI Taxes Payable would normally be shown on the balance sheet under long-term liabilities. 3. Federal Unemployment Taxes Payable is typically shown on the balance sheet under the long-term liabilities section. 4. The Current Portion of Long-Term Notes Payable would normally be shown on the balance sheet under current liabilities. 5. The Employee Bonus Payable would normally be shown on the balance sheet under long-term liabilities.
Jen is a third party beneficiary under a contract between Kyla and Leo. Kyla and Leo can modify or rescind their contract without Jen's consent
A. at any time. B. at no time. C. after Jen's rights have vested. D. before Jen's rights have vested.
Kathy Reynolds, a college student, works as a part-time retail clerk in a clothing store. Kathy can buy clothes at a discount and earns $12.45 per hour. Compute her earnings for a week when she worked 17.25 hours. (Round to the nearest cent.)
Mexico is often seen as a common alternative to India for outsourcing
Indicate whether the statement is true or false