The income statement for Otto Construction Company appears below: Average total assets total $240,000.Otto's income tax rate is 25%.What is the times interest earned ratio?
A)2.38
B)3.13
C)3.16
D)4.17

Question

The income statement for Otto Construction Company appears below:  Average total assets total $240,000.Otto's income tax rate is 25%.What is the times interest earned ratio?
A)2.38 
B)3.13 
C)3.16 
D)4.17

Quizplus · Accepted Answer

The Answer of The income statement for Otto Construction Company appears below:  Average total assets total $240,000.Otto's income tax rate is 25%.What is the times interest earned ratio?
A)2.38 
B)3.13 
C)3.16 
D)4.17

The Income Statement for Otto Construction Company Appears Below