Question

The following information is taken from the financial statements of Lopez Company. :


Total Assets $200,000
Total Liabilities 90,000
Total Stockholders Equity 110,000
Net Income 70,000
Income Tax Expense 21,000
Interest Expense 5,000

The companys times interest earned ratio is closest to:

A) 19.2.

B) 4.7.

C) 15.0.

D) 18.2.

Answer

This answer is hidden. It contains 118 characters.