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Cutsinger Corporation has provided the following data from its most recent income statement:Net ...

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Cutsinger Corporation has provided the following data from its most recent income statement:Net ...

Cutsinger Corporation has provided the following data from its most recent income statement:

Net operating income	$ 55,000
Interest expense	$ 43,000
Net income before taxes	$ 12,000
Income taxes	$ 4,000
Net income	$ 8,000

The times interest earned ratio is closest to:

▸ 1.83

▸ 0.28

▸ 1.28

▸ 0.19

Textbook

Introduction to Managerial Accounting: Brewer Edition: 9e

Edition: 9^th

Authors: Brewer, Garrison, Noreen

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