Respuesta :
Answer:
the times interest earned ratio is 10
Explanation:
The computation of the times interest earned ratio is shown below:
Times interest earned ratio is
= income before interest expense and income taxes ÷ interest expense
= $30,000 ÷ $3,000
= 10
hence, the times interest earned ratio is 10
We simply applied the above formula so that the correct value could come
And, the same is to be considered
