Solution-Explain times-interest-earned ratio

Explain times-interest-earned ratio

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Reference no: EM132683819

For the most recent year, Wanda's Candles, Inc., had sales of $426,000, cost of goods sold of $105,000, depreciation expense of $49,000, and additions to retained earnings of $63,750. The firm currently has 25,000 shares of common stock outstanding, and the previous year's dividends per share were $1.70. Assuming a 34 percent income tax rate, what was the times-interest-earned ratio?

Reference no: EM132683819

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Explain times-interest-earned ratio

Reference no: EM132683819

Reference no: EM132683819

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