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What is the times interest earned for the company

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Reference no: EM132824992

Question - A company's net income after tax was $400,000 for its most recent year. The company's income statement included Income Tax Expense of $140,000 and Interest Expense of $60,000. At the beginning of the year the company's stockholders' equity was $1,900,000 and at the end of the year it was $2,100,000.

Required -

a) What is the times interest earned for the company?

b) What is the after-tax return on stockholder's equity for the year?

Reference no: EM132824992

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