Based on the following information calculate the times interest earned of the company. $$\begin{array} { | l | r }
\hline\text { Total Assets } & \mathbf { \$ 3 0 7 , 5 0 0 } \
\hline \text { Total liabilities } & 142,500 \
\hline \text { Total stockholder's Equity } & 165,000 \
\hline \text { Net income } & 97,500 \
\hline \text { Income tax expense } & 6,000 \
\hline \text { Interest expense } & 750 \
\hline
\end{array}$$
A)122
B)129
C)130
D)139

Question

Based on the following information calculate the times interest earned of the company. $$\begin{array} { | l | r } 
\hline\text { Total Assets } & \mathbf { \$ 3 0 7 , 5 0 0 } \
\hline \text { Total liabilities } & 142,500 \
\hline \text { Total stockholder's Equity } & 165,000 \
\hline \text { Net income } & 97,500 \
\hline \text { Income tax expense } & 6,000 \
\hline \text { Interest expense } & 750 \
\hline
\end{array}$$
A)122
B)129
C)130
D)139

Quizplus · Accepted Answer

The Answer of Based on the following information calculate the times interest earned of the company. $$\begin{array} { | l | r } 
\hline\text { Total Assets } & \mathbf { \$ 3 0 7 , 5 0 0 } \
\hline \text { Total liabilities } & 142,500 \
\hline \text { Total stockholder's Equity } & 165,000 \
\hline \text { Net income } & 97,500 \
\hline \text { Income tax expense } & 6,000 \
\hline \text { Interest expense } & 750 \
\hline
\end{array}$$
A)122
B)129
C)130
D)139

Based on the Following Information Calculate the Times Interest Earned