Solution-Time interest earned ratio

Time interest earned ratio

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Reference no: EM1358591

For the most recent year, Wilson Enterprises had sales of $689,000, cost of goods sold of $470,300, depreciation expense of $61,200, and additions to retained earnings of $48,560. The firm currently has 12,000 shares of common stock outstanding, and the previous year's dividends per share were $1.18. Assuming a 35 percent tax rate, what was the time interest earned ratio?

Reference no: EM1358591

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Time interest earned ratio : For the most recent year, Wilson Enterprises had sales of $689,000, cost of goods sold of $470,300, depreciation expense of $61,200, and additions to retained earnings of $48,560.

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Time interest earned ratio

Reference no: EM1358591

Reference no: EM1358591

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