For the FY 2018, Frederick Company had net sales of $1,000,000 and net income of $95,000, paid income taxes of $27,500, and had before tax interest expense of $20,000.
For the FY 2018, Frederick Company had net sales of $1,000,000 and net income of $95,000, paid income
taxes of $27,500, and had before tax interest expense of $20,000. Use this information to determine the Times Interest Earned Ratio. (Round your answers to one decimal place)
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"
