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tabisulaprinces2084
24.12.2019 •
Business
In a recent year bonita industries had net income of $13, interest expense of $5, and income tax expense of $21000. what was bonita industries’s times interest earned for the year? a. 2.60 b. 4.02 c. 3.60 d. 3.02
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Ответ:
b. 4.02
Explanation:
Time interest earned is actually tells us how many times it's interest is the company earning so that formula for times interest earned is
Earnings before income and tax/Interest expense.
So we have to add interest expense and tax expense back to net income.
130,000+50,000+21,000=201,000
201,000/50,000=4.02
Ответ:
picture under the insert tab ?
Explanation:
none others make sense