The following financial statement information is available for Bongo Corporation: $\begin{array}{lrr}&2013&2012\
\text { Net income } & \$ 115,000 & \$ 80,000 \
\text { Income tax expense } & 50,000 & 29,000 \
\text { Interest expense } & 15,000 & 14,000 \
\text { Dividends paid to preferred } & & \
\quad \text { stockholders } & 22,000 & 20,000 \
\begin{array}{l}
\text { Dividends paid to preferred } \
\quad \text { stockholders }
\end{array} & 15,000 & 10,000
\end{array}$ The times interest earned for 2013 is

Question

The following financial statement information is available for Bongo Corporation: $\begin{array}{lrr}&2013&2012\
\text { Net income } & \$ 115,000 & \$ 80,000 \
\text { Income tax expense } & 50,000 & 29,000 \
\text { Interest expense } & 15,000 & 14,000 \
\text { Dividends paid to preferred } & & \
\quad \text { stockholders } & 22,000 & 20,000 \
\begin{array}{l}
\text { Dividends paid to preferred } \
\quad \text { stockholders }
\end{array} &  15,000 & 10,000
\end{array}$ The times interest earned for 2013 is

Quizplus · Accepted Answer

The Answer of The following financial statement information is available for Bongo Corporation: $\begin{array}{lrr}&2013&2012\
\text { Net income } & \$ 115,000 & \$ 80,000 \
\text { Income tax expense } & 50,000 & 29,000 \
\text { Interest expense } & 15,000 & 14,000 \
\text { Dividends paid to preferred } & & \
\quad \text { stockholders } & 22,000 & 20,000 \
\begin{array}{l}
\text { Dividends paid to preferred } \
\quad \text { stockholders }
\end{array} &  15,000 & 10,000
\end{array}$ The times interest earned for 2013 is

The Following Financial Statement Information Is Available for Bongo Corporation