Balance sheet and income statement data indicate the follow…
Balance sheet and income statement data indicate the following: Bonds Payable, 6% (due in 15 years) 2,300,488 Revenue 722,560 Net Income 239,500 COGS 588,000 Income tax for year 82,000 Total Assets 1,227,850 Interest Payable 63,000 Total Liabilities 502,795 Interest Expense 67,000 Interest Receivable 12,109 Based on the data presented above in question one, what is the times interest earned ratio? (Round to two decimal places.)
Read Details