| The following data come from the financial records of Bynum Corporation for 2011. |
| Sales | $ | 840,000 |
| Interest expense | 5,000 | |
| Income tax expense | 27,000 | |
| Net income | 28,000 | |
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| Required: |
| How many times was interest earned in 2011? |
| The following data come from the financial records of Bynum Corporation for 2011. |
| Sales | $ | 840,000 |
| Interest expense | 5,000 | |
| Income tax expense | 27,000 | |
| Net income | 28,000 | |
|
|
||
| Required: |
| How many times was interest earned in 2011? |