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  3. 33. putnam companys 2014 financial statements cont

33. Putnam Companys 2014 financial statements contain the following selected data: Income taxes $40,000 Interest...

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Question

Accounting

33. Putnam Companys 2014 financial statements contain the following selected data:

Income taxes $40,000

Interest expense 25,000

Net income 60,000

Putnams times interest earned for 2014 is

a. 4.0 times

b. 5.0 times.

c. 6.7 times.

d. 7.7 times.

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