Question 12 4 pts Balance sheet and income statement data indicate the following: Bonds Payable,...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Question 12 4 pts Balance sheet and income statement data indicate the following: Bonds Payable, 6% (due in 15 years) 2.300.488 Revenue 722.560 Net Income 239,500 COGS 588,000 Income tax for year 82,000 Total Assets 1.227850 Interest Payable 63.000 Total Liabilities 502.795 Interest Expense 67,000 Interest Receivable 12,109 Based on the data presented above in question one, what is the times interest earned ratio? (Round to two decimal places.) 6.17 4.87 4.57 5.80 ann honorock.com is sharing your screen Stop sharing Hide
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!