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cheergirl2133
03.01.2020 •
Business
Refer to the following selected financial information from graphics, inc. compute the company's times interest earned.interest expense 9,100income tax expense 22,700net income after tax 56,500
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Ответ:
9.70 times
Explanation:
The formula and the calculation of the times interest earned ratio is computed below:
Times interest earned ratio = (Earnings before interest and taxes) ÷ (Interest expense)
where,
Earnings before interest and taxes = Net income after tax + interest expense + income tax expense
=$56,500 + $9,100 + $22,700
= $88,300
And, the interest expense is $9,100
Now place these values in the formula above,
so the ratio would be equal to
= $88,300 ÷ $9,100
= 9.70 times
Ответ: