Dehne Corporation has provided the following data from its most recent income statement:
$\begin{array}{l}
\text {Net operating income }&\$ 75,000 \
\text { Interest expense. }&\$ 32,000 \
\text {Net income before taxes }&\$ 43,000 \
\text {Income taxes. }&\$ 13,000 \
\text { Net income.}&\$ 30,000
\end{array}$
Required:
Compute the times interest earned ratio.Show your work!

Question

Dehne Corporation has provided the following data from its most recent income statement:
 $\begin{array}{l}
\text {Net operating income  }&\$ 75,000 \
\text { Interest expense. }&\$ 32,000 \
\text {Net income before taxes  }&\$ 43,000 \
\text {Income taxes.  }&\$ 13,000 \
\text { Net income.}&\$ 30,000
\end{array}$ 
Required:
Compute the times interest earned ratio.Show your work!

Quizplus · Accepted Answer

The Answer of Dehne Corporation has provided the following data from its most recent income statement:
 $\begin{array}{l}
\text {Net operating income  }&\$ 75,000 \
\text { Interest expense. }&\$ 32,000 \
\text {Net income before taxes  }&\$ 43,000 \
\text {Income taxes.  }&\$ 13,000 \
\text { Net income.}&\$ 30,000
\end{array}$ 
Required:
Compute the times interest earned ratio.Show your work!

Dehne Corporation Has Provided the Following Data from Its Most