Business, 29.01.2021 17:00 sarachristene1777

Express Company reported sales of $770,000 in the year 2013. Interest expense for the year amounted to $10,800; income tax expense, $33,000; and selling and administrative expense, $14,000. The company reported net income after taxes of $42,000. Compute the times interest earned ratio for the year. A. 6.94
B. 2.60
C. 7.94
D. 9.24

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Express Company reported sales of $770,000 in the year 2013. Interest expense for the year amounted...