Farr Company reported the following on its income statement: An analysis of the income statement revealed that interest expense was $50,000. Farr Company's times interest earned was
A) 13 times.
B) 12 times.
C) 6 times.
D) 7 times.

Question

Farr Company reported the following on its income statement:  An analysis of the income statement revealed that interest expense was $50,000. Farr Company's times interest earned was
A) 13 times. 
B) 12 times. 
C) 6 times. 
D) 7 times.

Quizplus · Accepted Answer

The Answer of Farr Company reported the following on its income statement:  An analysis of the income statement revealed that interest expense was $50,000. Farr Company's times interest earned was
A) 13 times. 
B) 12 times. 
C) 6 times. 
D) 7 times.

Farr Company Reported the Following on Its Income Statement