Auto Industries Company reported the following on its income statement: If the income statement also shows interest expense equal to $80,000, what is the company's times interest earned ratio?
A)5 times
B)8 times
C)5.25 times
D)6.25 times

Question

Auto Industries Company reported the following on its income statement:  If the income statement also shows interest expense equal to $80,000, what is the company's times interest earned ratio?
A)5 times 
B)8 times 
C)5.25 times 
D)6.25 times

Quizplus · Accepted Answer

The Answer of Auto Industries Company reported the following on its income statement:  If the income statement also shows interest expense equal to $80,000, what is the company's times interest earned ratio?
A)5 times 
B)8 times 
C)5.25 times 
D)6.25 times

Auto Industries Company Reported the Following on Its Income Statement