Determine the company times interest earned ratio, Accounting Basics

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Determine the company times interest earned ratio

Selected balance sheet and income statement data for Green Tea, Inc., for the year ended December 31, 2011 are below. What is the company's times interest earned ratio?

Income before provision for income taxes $814,725

Interest expense $16,419

Statutory tax rate 35.2%

Provision for income taxes $285,150

Net income $529,575

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Accounting Basics: Determine the company times interest earned ratio

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Accounting Basics: Determine the company times interest earned ratio

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Recent Questions Asked Accounting Basics

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Ask an Expert for Answer!!

Accounting Basics: Determine the company times interest earned ratio

Reference No:- TGS055998

Recent Questions Asked Accounting Basics

Q : What does the lawyer earn during the year

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Q : Deductions exceeded the standard deduction

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Q : Determine the company times interest earned ratio

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