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Oliga [24]
2 years ago
6

Kenesha Co. reported income before interest expense and income taxes of $30,000; interest expense of $3,000; and income taxes of

$4,000. Calculate the times interest earned ratio.
Business
1 answer:
tiny-mole [99]2 years ago
3 0

Answer:

the times interest earned ratio is 10

Explanation:

The computation of the times interest earned ratio is shown below:

Times interest earned ratio is

=  income before interest expense and income taxes ÷ interest expense

= $30,000 ÷ $3,000

= 10

hence, the times interest earned ratio is 10

We simply applied the above formula so that the correct value could come

And, the same is to be considered

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