Determine the times interest earned ratio


Problem

For the FY 2018, Frederick Company had net sales of $1,000,000 and net income of $60,000, paid income taxes of $15,000, and had before tax interest expense of $15,000. Use this information to determine the Times Interest Earned Ratio.

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Managerial Accounting: Determine the times interest earned ratio
Reference No:- TGS03286815

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