Thomson Company reported the following on its income statement: $\begin{aligned}
\$ 420,000 & \text { Income before income taxes } \
120,000 & \text { Income tax expense } \
\$ 300,000 & \text { Net income }
\end{aligned}$
An analysis of the income statement revealed that interest expense was $40,000. Thomson Company's number of times interest charges are earned was:

Question

Thomson Company reported the following on its income statement: $\begin{aligned}
\$ 420,000 & \text { Income before income taxes } \
120,000 & \text { Income tax expense } \
\$ 300,000 & \text { Net income }
\end{aligned}$
 An analysis of the income statement revealed that interest expense was $40,000. Thomson Company's number of times interest charges are earned was:

Quizplus · Accepted Answer

The Answer of Thomson Company reported the following on its income statement: $\begin{aligned}
\$ 420,000 & \text { Income before income taxes } \
120,000 & \text { Income tax expense } \
\$ 300,000 & \text { Net income }
\end{aligned}$
 An analysis of the income statement revealed that interest expense was $40,000. Thomson Company's number of times interest charges are earned was:

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