Solution-Number of times interest charges are earned

Number of times interest charges are earned

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Reference no: EM13534246

Number of times interest charges are earned

Katula Company reported the following on the company's income statement in 2012 and 2011:

	2012	2011
Interest expense	$250,000	$275,000
Income before income tax expense	3,100,000	4,400,000

a. Determine the number of times interest charges were earned for 2011 and 2012. Round to one decimal place.

b. Is the number of times interest charges are earned improving or declining?

Reference no: EM13534246

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Number of times interest charges are earned

Reference no: EM13534246

Reference no: EM13534246

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