A company's had fixed interest expense of $6,000, its income before interest expense and any income taxes is

Question

A company's had fixed interest expense of $6,000, its income before interest expense and any income taxes is $18,000, and its net income is $8,400. The company's times interest earned ratio equals?

a. 0.33

b 0.71

c1.40

d 3.0

e.12,000

Answer 1

D