Aps Company reported the following on its income statement: $\begin{array}{lr}
\text { Income before income taxes } & \$ 420,000 \
\text { Income tax expense } & 120,000 \
\text { Net income } & \$ 300,000
\end{array}$ An analysis of the income statement revealed that interest expense was $70,000. Aps Company's times interest earned was

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The Answer of Aps Company reported the following on its income statement: $\begin{array}{lr}
\text { Income before income taxes } & \$ 420,000 \
\text { Income tax expense } & 120,000 \
\text { Net income } & \$ 300,000
\end{array}$ An analysis of the income statement revealed that interest expense was $70,000. Aps Company's times interest earned was

Aps Company Reported the Following on Its Income Statement An Analysis of the Income Statement Revealed That Interest Expense