Floral Depot's income before interest expense and income taxes was $5,900 million, and interest expense was $38 million. Calculate Floral Depot's times interest earned.
What will be an ideal response?
155.3
Explanation: Times Interest Earned Ratio = Income before Interest Expense and Income
Taxes/Interest
Expense
Times Interest Earned Ratio = $5,900 million/$38 million = 155.3
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