Asked by
Syed Aazam Jonaid
on Nov 13, 2024
Verified
The following financial statement information is available for Long Corporation: The times interest earned for 2017 is
A) 7.4 times.
B) 6.4 times.
C) 9.1 times.
D) 7.8 times.
Times Interest Earned
A metric that measures a company's ability to meet its interest payments on outstanding debt.
Interest Expense
The expense an organization faces for borrowing money over a certain duration.
- Understand the concept and calculation of financial ratios and their implications on a company’s financial health.
Verified Answer
HO
Learning Objectives
- Understand the concept and calculation of financial ratios and their implications on a company’s financial health.