Merryweather Corporation reported net income of $150,000, income before taxes of $240,000 and interest expense of $32,000. What is the times-interest-earned ratio? (Round your final answer to two decimal places.) a. 4.69 b. 5.69 c. 7.50 d. 8.50
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Merryweather Corporation reported net income of $150,000, income before taxes of
$240,000 and interest expense of $32,000. What is the times-interest-earned ratio? (Round
your final answer to two decimal places.)
a. 4.69
b. 5.69
c. 7.50
d. 8.50
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