Problemtemple inc has sales of 329000 cost of goods sold of, Ask an Expert

Accounting

Problem:

Temple, Inc. has sales of $329,000, cost of goods sold of $204,000, depreciation of $5,900, and interest expense of $15,100. The tax rate is 34 percent.

Required:

Question: What is the times interest earned ratio?

A)14.38

B)21.79

C)2.88

D)5.46

E)7.89

Note: Explain in detail and show all computations in proper way.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91167945

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