Friendly's Shoe Store has earnings before interest and taxes of $21,680 and net income of $12,542. The tax rate is 34 percent. What is the times interest earned ratio?
A) 0.88
B) 1.67
C) 3.09
D) 5.59
E) 8.10

Question

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The Answer of Friendly's Shoe Store has earnings before interest and taxes of $21,680 and net income of $12,542. The tax rate is 34 percent. What is the times interest earned ratio?
A) 0.88
B) 1.67
C) 3.09
D) 5.59
E) 8.10

Friendly's Shoe Store Has Earnings Before Interest and Taxes of $21,680