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  3. 15. hopkins corporation reported net income of $59

15. Hopkins Corporation reported net income of $598,000 for 2016. Included in that number was...

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Question

Accounting

15. Hopkins Corporation reported net income of $598,000 for 2016. Included in that number was interest expense of $56,000 and income tax expense of $82,000. Based on the numbers provided, what was the number of times interest was earned for Hopkins for 2016?

Group of answer choices

A. 13.14

B. 10.68

C. 9.21

D. 8.21

Answer & Explanation Solved by verified expert
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