Affluent Limited reported the following on its statement of income: Interest expense was $150,000.Gifford's times interest earned was
A)9 times.
B)8 times.
C)6.5 times.
D)5.5 times.

Question

Affluent Limited reported the following on its statement of income:  Interest expense was $150,000.Gifford's times interest earned was
A)9 times. 
B)8 times. 
C)6.5 times. 
D)5.5 times.

Quizplus · Accepted Answer

The Answer of Affluent Limited reported the following on its statement of income:  Interest expense was $150,000.Gifford's times interest earned was
A)9 times. 
B)8 times. 
C)6.5 times. 
D)5.5 times.

Affluent Limited Reported the Following on Its Statement of Income