Multiple Choice
The following data pertain to Mahler Company's operations for the year ended December 31, 2017:
Operating income : $800,000
Interest expense : 100,000
Income before income tax : 700,000
Income tax expense : 210,000
Net income : $490,000
The times interest earned ratio is
A) 4.9 to 1
B) 5.6 to 1
C) 7.0 to 1
D) 8.0 to 1
Correct Answer:
Verified
Correct Answer:
Verified
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