The following information is from the financial records of Newton Company for 2014: $\begin{array}{|l|lc|}
\hline \text { Sales } & \$ 620,000 \
\hline \text { Interest expense } & 26,000 \\hline \text { Income tax expense } & 46,000 \
\hline \text { Net income } & 104,000 \
\hline
\end{array}$
Required:
Calculate the number of times interest is earned for Newton in 2014. Round your answer to one decimal place.

Question

The following information is from the financial records of Newton Company for 2014: $\begin{array}{|l|lc|}
\hline \text { Sales } & \$  620,000 \
\hline \text { Interest expense } & 26,000 \\hline \text { Income tax expense } & 46,000 \
\hline \text { Net income } & 104,000 \
\hline
\end{array}$ 
Required:
Calculate the number of times interest is earned for Newton in 2014. Round your answer to one decimal place.

Quizplus · Accepted Answer

The Answer of The following information is from the financial records of Newton Company for 2014: $\begin{array}{|l|lc|}
\hline \text { Sales } & \$  620,000 \
\hline \text { Interest expense } & 26,000 \\hline \text { Income tax expense } & 46,000 \
\hline \text { Net income } & 104,000 \
\hline
\end{array}$ 
Required:
Calculate the number of times interest is earned for Newton in 2014. Round your answer to one decimal place.

The Following Information Is from the Financial Records of Newton