Horizon Company had interest expense of $767,000 and income before income tax expense of $6,210,000 in...

Question

Question

Horizon Company had interest expense of $767,000 and income before income tax expense of $6,210,000 in the past fiscal year. What is Horizon's times interest earned?

Answer 1

Answer #1

Answer: 9.1

Times interest Earned Ratio Numerator 17 Denominator Income befor tax | + | Interest Expenses 17Interest Expenses 6210000 767

Answer 2

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