Ingram Dog Kennels had the following financial statistics for 2012:
$\begin{array}{llcc}
\text {Long-term debt (average rate of interest is $ 8 \% $ ) } &\$400,000 \
\text { Interest expense } &35,000\
\text { Net income } &48,000\
\text { Income tax } &46,000\
\text {Operating income } &107,000\
\end{array}$

What is the times interest earned for 2012?

Question

Ingram Dog Kennels had the following financial statistics for 2012:
$\begin{array}{llcc}
  \text {Long-term debt (average rate of interest is $ 8 \% $ )   } &\$400,000  \
 \text { Interest expense } &35,000\
 \text { Net income } &48,000\
 \text { Income tax } &46,000\
 \text {Operating income  } &107,000\
\end{array}$

What is the times interest earned for 2012?

Quizplus · Accepted Answer

The Answer of Ingram Dog Kennels had the following financial statistics for 2012:
$\begin{array}{llcc}
  \text {Long-term debt (average rate of interest is $ 8 \% $ )   } &\$400,000  \
 \text { Interest expense } &35,000\
 \text { Net income } &48,000\
 \text { Income tax } &46,000\
 \text {Operating income  } &107,000\
\end{array}$

What is the times interest earned for 2012?

Ingram Dog Kennels Had the Following Financial Statistics for 2012