Grant Company reported the following on its income statement: An analysis of the income statement revealed that interest expense was $60,000.Grant Company's times-interest-earned ratio was
A)8.
B)7.
C)6.
D)5.

Question

Grant Company reported the following on its income statement:  An analysis of the income statement revealed that interest expense was $60,000.Grant Company's times-interest-earned ratio was
A)8. 
B)7. 
C)6. 
D)5.

Quizplus · Accepted Answer

The Answer of Grant Company reported the following on its income statement:  An analysis of the income statement revealed that interest expense was $60,000.Grant Company's times-interest-earned ratio was
A)8. 
B)7. 
C)6. 
D)5.

Grant Company Reported the Following on Its Income Statement