The information related to Jazz Music Company is given below:
$$\begin{array} { l l l }
& \text { Year ended December } & \text { Year ended December } \
&31,2018&31,2019\
\hline \text { Net Income } & \$81,510& \$210,570 \
\text { Income Tax Expense } & 55,910 & 103,505 \
\text { Interest Expense } & 6,595 & 59,505 \

\end{array}$$
Calculate the times-interest-earned ratio for each year.Round all calculations to two decimal places.

Question

The information related to Jazz Music Company is given below:
 $$\begin{array} { l l l } 
& \text { Year ended December } & \text { Year ended December } \
&31,2018&31,2019\
\hline \text { Net Income } & \$81,510& \$210,570 \
\text { Income Tax Expense } & 55,910 & 103,505 \
\text { Interest Expense } & 6,595 & 59,505 \

\end{array}$$
 Calculate the times-interest-earned ratio for each year.Round all calculations to two decimal places.

Quizplus · Accepted Answer

The Answer of The information related to Jazz Music Company is given below:
 $$\begin{array} { l l l } 
& \text { Year ended December } & \text { Year ended December } \
&31,2018&31,2019\
\hline \text { Net Income } & \$81,510& \$210,570 \
\text { Income Tax Expense } & 55,910 & 103,505 \
\text { Interest Expense } & 6,595 & 59,505 \

\end{array}$$
 Calculate the times-interest-earned ratio for each year.Round all calculations to two decimal places.

The Information Related to Jazz Music Company Is Given Below