Solved

Odessa Cohas Current Assets of $10 Million and Net Income of of $20

Question 188

Multiple Choice

Odessa Co.has current assets of $10 million and net income of $20 million.Current liabilities total $5 million,interest expense is $4 million,and income tax expense is $6 million.What is the times interest earned ratio for this company?


A) 0.5
B) 7.5
C) 0.3
D) 2.0

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q183: On October 1,2018,Allen Emig borrowed $306,000 from

Q184: During the year,the company recorded services provided

Q185: Bonds that are backed by a company's

Q186: Using the simplified effective-interest amortization,interest expense is

Q187: Selected financial information presented below was

Q189: If a company forgets to record the

Q190: Amortizing a bond premium will _ the

Q191: Deferred Revenues are liabilities because:<br>A)no cash has

Q192: Match each term with the appropriate definition.Not

Q193: If the likelihood of a loss is