What is the times interest earned ratio

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Question - Balance sheet and income statement data indicate the following: Bonds payable, 8% (due in 15 years) $1,348,708 Preferred 8% stock, $100 par (no change during the year) 200,000 Common stock, $50 par (no change during the year) 1,000.000 Income before income tax for year 348,699 Income tax for year 104,610 Common dividends paid 60,000 Preferred dividends paid 16,000 Based on the data presented, what is the times interest earned ratio (round to two decimal places)?

Reference no: EM133059581

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