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H3Ko H3Ko
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7 years ago
The times-interest-earned ratios of Benin, Inc. are 20.56 and 7.35 for 2016 and 2017, respectively. Which of the following can be the possible reason for such a change?
A) Benin, Inc. incurred less debt specifically in its revolving line of credit.
B) Benin, Inc. paid less interest in its revolving line of credit.
C) Benin, Inc. incurred more debt specifically in its revolving line of credit.
D) Benin, Inc.'s debt-paying ability increased.
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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TanksTanks
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H3Ko Author
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#2
7 years ago
YES! Can't believe I got this one right. Appreciate the confirmation
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