[Solved] Ginobili Company has Total assets $36,438 Total Liabilities 29,505  

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Raj Maurya
(@rajmaurya)
Member Admin
Joined: 2 years ago
Posts: 8
11/02/2019 3:24 pm  

Ginobili Company has Total assets $36,438 Total Liabilities 29,505 Net income 4,286 Interest expense 819 Taxes 1,566 What is Ginobili's Times Interest Earned? (Round to 2 decimal places).


Solution

Time interest earned = Earning before interest and tax/Interest exp

= 4286+819+1566/819

Time interest earned = 8.15 Times


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