In a recent year Crane Corporation had net income of $140000, interest expense of $30000, and tax expense of $13000. What was Crane Corporation’s times interest earned for the year?
In a recent year Crane Corporation had net income of $140000, interest expense of $30000, and tax expense of $13000. What was Crane Corporation’s times interest earned for the year?
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 52E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...
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In a recent year Crane Corporation had net income of $140000, interest expense of $30000, and tax expense of $13000. What was Crane Corporation’s times interest earned for the year?
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