A company reports the following:   Income before income tax $565,120   Interest expense 88,300 Determine the times interest earned. Round your answer to one decimal place.

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 7BE
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A company reports the following:

  Income before income tax $565,120
  Interest expense 88,300

Determine the times interest earned. Round your answer to one decimal place.
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