In the recent year Hill Corporation had net income of $140,000, interest expense of $40,000, and tax expense of $20,000.What was Hill Corporation's times interest earned ratio for the year?

Name: In the recent year Hill Corporation had net income of $140,000, interest expense of $40,000, and tax expense of $20,000.What was Hill Corporation's times interest earned ratio for the year?
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Times interest earned ratio = Net income / Interest expense= $140,000 / $40,000= 3.5

In the Recent Year Hill Corporation Had Net Income of $140,000