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Accounting

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2.cen
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210
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Biolog
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Balance sheet and income statement data indicate the following:
Bonds payable, 6%(due in 15 years)
Income before income tax for year
Income tax for year
Interest payable
Interest receivable
$1,200,000
320,000
80,000
33,000
19,000
Assuming bond interest is the only interest expense and there is no bond premium or discount, what is the times interest earned ratio? (Round t
a.4.33
b.4.00
c.5.44
d.5.00
d.
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