Holt Company reported the following on its income statement: An analysis of the income statement revealed that interest expense was $52,500.Holt Company's times-interest-earned ratio was
A)9.
B)8.
C)7.
D)6.

Question

Holt Company reported the following on its income statement:  An analysis of the income statement revealed that interest expense was $52,500.Holt Company's times-interest-earned ratio was
A)9. 
B)8. 
C)7. 
D)6.

Quizplus · Accepted Answer

The Answer of Holt Company reported the following on its income statement:  An analysis of the income statement revealed that interest expense was $52,500.Holt Company's times-interest-earned ratio was
A)9. 
B)8. 
C)7. 
D)6.

Holt Company Reported the Following on Its Income Statement