14. Financial Statement Analysis
Ratios: Times Interest Earned (TIE)
Multiple Choice
Multiple ChoiceABC Company had Net Income during the period of $60,000 after Income Taxes of $40,000. Furthermore, the company had outstanding Notes Payable at the beginning and end of the year, respectively, of $250,000 and $350,000. If interest expense was $15,000 during the period, what is the company's TIE ratio?
A
7.7x
B
5x
C
4x
D
20x
63
views
1
rank
Related Videos
Related Practice