Grant Company reported the following on its income statement:
An analysis of the income statement revealed that interest expense was $60,000.Grant Company's times-interest-earned ratio was

A) 8.
B) 7.
C) 6.
D) 5.

Question

Grant Company reported the following on its income statement: 
An analysis of the income statement revealed that interest expense was $60,000.Grant Company's times-interest-earned ratio was

A) 8. 
B) 7. 
C) 6. 
D) 5.

Quizplus · Accepted Answer

The Answer of Grant Company reported the following on its income statement: 
An analysis of the income statement revealed that interest expense was $60,000.Grant Company's times-interest-earned ratio was

A) 8. 
B) 7. 
C) 6. 
D) 5.

Grant Company Reported the Following on Its Income Statement