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What is the times interest earned ratio

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Reference no: EM132795845

The Simmons Corporation's income statement is given below. 

SIMMONS CORPORATION Sales $280,000 Cost of goods sold 211,000 Gross profit 69,000 Fixed charges (other than interest) 27,900 Income before interest and taxes 41,100 Interest 12,700 Income before taxes 28,400 Taxes 9,940 Income after taxes $18,460

a. What is the times interest earned ratio? (Round the final answer to 2 decimal places.)

Times interest earned x

b. What would be the fixed charge coverage ratio? (Round the final answer to 2 decimal places.)

Fixed charge coverage x

Reference no: EM132795845

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