1 answer

Hsu Company reported the following on its income statement: Income before income taxes $308,827 Income tax...

Question:

Hsu Company reported the following on its income statement: Income before income taxes $308,827 Income tax expense 92,648 Net
Hsu Company reported the following on its income statement: Income before income taxes $308,827 Income tax expense 92,648 Net income $216,179 Interest expense was $78,205. Hsu Company's times interest earned ratio (rounded to two decimal places) is a. 2.76 times Ob. 3.95 times c. 1.76 times d. 4.95 times

Answers

Income before interest and income taxes 387032 =308827+78205
Divide by Interest expense 78205
Times interest earned ratio 4.95 times
Option D 4.95 times is correct
.

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