The following data were taken from the financial records of Happy Corporation for 2014:
$$\begin{array} { l r }
\text { Sales } & \$ 3,600,000 \
\text { Bond interest expense } & 100,000 \
\text { Income taxes } & 700,000 \
\text { Net income } & 900,000
\end{array}$$
Required:
How many times was bond interest earned in 2014?

Question

The following data were taken from the financial records of Happy Corporation for 2014:
$$\begin{array} { l r } 
\text { Sales } & \$ 3,600,000 \
\text { Bond interest expense } & 100,000 \
\text { Income taxes } & 700,000 \
\text { Net income } & 900,000
\end{array}$$ 
Required:
How many times was bond interest earned in 2014?

Quizplus · Accepted Answer

The Answer of The following data were taken from the financial records of Happy Corporation for 2014:
$$\begin{array} { l r } 
\text { Sales } & \$ 3,600,000 \
\text { Bond interest expense } & 100,000 \
\text { Income taxes } & 700,000 \
\text { Net income } & 900,000
\end{array}$$ 
Required:
How many times was bond interest earned in 2014?

The Following Data Were Taken from the Financial Records of Happy