Solution-Calculate the times interest earned ratio

Calculate the times interest earned ratio

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Question - Calculate the times interest earned ratio based on the following information: cash = $14,870; accounts receivable = $22,108; prepaid $3,010; supplies = $927; equipment = $62,150; accumulated depreciation = 13,750; accounts payable = 28,000; net sales = $325,000; interest expense $6,000; tax expense = $12,600; earnings before interest and taxes = $122,623.

Reference no: EM133065956

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Calculate the times interest earned ratio

Reference no: EM133065956

Reference no: EM133065956

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