In a recent year, Crane Corporation reported net income of $205800, interest expense of $47000, and income tax expense of $95000 What was Crane's times interest earned for the year? 6.4 O 5.4 O 7.4 4.4

In a recent year, Crane Corporation reported net income of $205800, interest expense of $47000, and income tax expense of $95000 What was Crane's times interest earned for the year? 6.4 O 5.4 O 7.4 4.4

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...

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Question

In a recent year, Crane Corporation reported net income of $205800, interest expense of $47000, and income tax expense of $95000.
What was Crane's times interest earned for the year?
6.4
O 5.4
O 7.4
O 4.4

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