A company reports the following: Income before income tax expense $9,100,000 Interest expense 650,000 Determine the...

Question

Question

A company reports the following:

Income before income tax expense	$9,100,000
Interest expense	650,000

Determine the times interest earned.

___________

Answer 1

Answer #1

The times interest earned = (Income before income tax expense + Interest Expense) / Interest Expense

= ($ 9,100,000 + 650,000)/ $ 650,000

= 15

Answer : 15

Answer 2

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