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Based on the Following Information Calculate the Times Interest Earned

Question 113

Multiple Choice

Based on the following information calculate the times interest earned of the company.  Total Assets $307,500 Total liabilities 142,500 Total stockholder’s Equity 165,000 Net income 97,500 Income tax expense 6,000 Interest expense 750\begin{array} { | l | r } \hline\text { Total Assets } & \mathbf { \$ 3 0 7 , 5 0 0 } \\\hline \text { Total liabilities } & 142,500 \\\hline \text { Total stockholder's Equity } & 165,000 \\\hline \text { Net income } & 97,500 \\\hline \text { Income tax expense } & 6,000 \\\hline \text { Interest expense } & 750 \\\hline\end{array}


A) 122
B) 129
C) 130
D) 139

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