Sunday, February 24, 2019

The times interest earned ratio is computed by dividing income before interest expense by interest expense.

The times interest earned ratio is computed by dividing income before interest expense by interest expense.



Answer: false

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Assuming a current ratio of 1.2 and an acid-test ratio of 0.80, how will the purchase of inventory with cash affect each ratio?

Assuming a current ratio of 1.2 and an acid-test ratio of 0.80, how will the purchase of inventory with cash affect each ratio? A) Increase ...