ylujan
Oct 3, 2010, 11:53 AM
Exercise 9-9 Computing and interpreting times interest earned L.O. A1
The information for separate companies a through f is given below:
Net Income (Loss) InterestExpense Income Taxes
a. $ 190,000 $104,500 47,500
b. 184,600 53,534 66,456
c. 193,100 7,724 92,688
d. 161,500 40,375 67,830
e. 123,500 25,935 46,930
f. (53,200) 68,096 0
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Requirement 1:
Compute times interest earned. (Round your answers to 2 decimal places.)
Company Times interest earned
A
B
C
D
E
F
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I need help figuring out the first company then I can figure out the rest.
WhAT would be the times interest earned for Company A?
The information for separate companies a through f is given below:
Net Income (Loss) InterestExpense Income Taxes
a. $ 190,000 $104,500 47,500
b. 184,600 53,534 66,456
c. 193,100 7,724 92,688
d. 161,500 40,375 67,830
e. 123,500 25,935 46,930
f. (53,200) 68,096 0
--------------------------------------------------------------------------------
Requirement 1:
Compute times interest earned. (Round your answers to 2 decimal places.)
Company Times interest earned
A
B
C
D
E
F
--------------------------------------------------------------------------------
I need help figuring out the first company then I can figure out the rest.
WhAT would be the times interest earned for Company A?