Data from Kempen Corporation's most recent balance sheet and the company's income statement appear below:
-The times interest earned for Year 2 is closest to:
A)3.45
B)6.36
C)4.45
D)2.42

Question

Data from Kempen Corporation's most recent balance sheet and the company's income statement appear below:  
-The times interest earned for Year 2 is closest to:
A)3.45 
B)6.36 
C)4.45 
D)2.42

Quizplus · Accepted Answer

Times interest earned = Earnings before interest expense and income taxes F1F1F1S1F1F1F10 Interest expense = $147 F1F1F1S1F1F1F10 $33 = 4.45

Data from Kempen Corporation's Most Recent Balance Sheet and the Company's