Mclaughlin Corporation's most recent balance sheet and income statement appear below:
-The times interest earned for Year 2 is closest to:
A)2.73
B)4.91
C)7.01
D)3.91

Name: Mclaughlin Corporation's most recent balance sheet and income statement appear below: -The times interest earned for Year 2 is closest to: A)2.73 B)4.91 C)7.01 D)3.91
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Question

Mclaughlin Corporation's most recent balance sheet and income statement appear below:  
-The times interest earned for Year 2 is closest to:
A)2.73 
B)4.91 
C)7.01 
D)3.91

Quizplus · Accepted Answer

Times interest earned = Earnings before interest expense and income taxes F1F1F1S1F1F1F10 Interest expense
= $162 F1F1F1S1F1F1F10 $33 = 4.91

Mclaughlin Corporation's Most Recent Balance Sheet and Income Statement Appear