In a recent year, Derek Corporation had net income of $150,000, interest expense of $30,000 1 answer below »

In a recent year, Derek Corporation had net income of $150,000, interest expense of $30,000, and income tax expense of $20,000. What was Derek Corporation"s times interest earned ratio for the year?

(a) 5.00.

(b) 4.00.

(c) 6.67.

(d) 7.50.

 

Looking for a Similar Assignment? Let us take care of your classwork while you enjoy your free time! All papers are written from scratch and are 100% Original. Try us today! Use Code FREE15