Hsu Company reported the following on its income statement: Income before income taxes $302,634 Income tax expense 90,790 Net income $211,844 Interest expense was $63,228. Hsu Company's times interest earned ratio (rounded to two decimal places) is a. 3.35 times b. 4.79 times c. 2.35 times d. 5.79 times
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Hsu Company reported the following on its income statement: Income before income taxes $302,634 Income tax expense 90,790 Net income ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
A band is planning to market a CD. The fixed costs are $1470 and the variable costs are $4 per CD. The wholesale price of the CD will be $11. For the artist to make a profit, revenues must be greater than costs.
Answers (1)
Hurricane Andrew destroys the orange crop in florida. What will happen to the supply and demand for Florida orange juice?
Answers (1)
Freedom Inc. has 12 employees within Denver City and County. All of the employees worked a predominant number of hours within the city. The employees earned $9.60 per hour and worked 160 hours each during the month. The employer must remit $4.
Answers (1)
What is meant by allocative efficiency? allocative efficiency is when every good or service?
Answers (1)
A sunk cost is A. a past cost that cannot be recovered. B. the cost for drilling certain types of wells, such as a well for water. C. a cost that is highly relevant for decisionminusmaking. D. an opportunity cost.
Answers (2)
New Questions in Business
Packer Co.'s year 5 income statement reported $130,000 in income before provisions for income taxes. To compute the provision for federal income taxes, the following year 5 data are provided: Rent received in advance $22,000 Income from exempt
Answers (1)
What is accounting theory
Answers (1)
Most companies receiving a claim message tend to a. ignore the first phone call, e-mail, or letter. b. respond only to letters containing complaints that could result in lawsuits or financial harm. c.
Answers (1)
The demand curve of a monopolistically competitive firm A. is perfectly elastic. B. is horizontal because the firm must cut its price to sell more. C. is downwardminus-sloping because it sells an identical product. D.
Answers (1)
Scott Company had sales of $12,050,000 and related cost of goods sold of $7,100,000 for the year ending December 31, 20Y8. Scott provides customers a refund for any returned or damaged merchandise.
Answers (1)