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Chopra Corporation had net income of $100,000, paid income taxes of $30,000, and had interest expense of $8,000. What was Chopra's times interest

Chopra Corporation had net income of $100,000, paid income taxes of $30,000, and had interest expense of $8,000. What was Chopra's times interest earned ratio?

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Interest earned ratio= ( $100,000 + $30,000 +... View the full answer

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The way to approach this... View the full answer

Answer  Interest earned ratio = (Net Income +... View the full answer

1 comment
  • hi, if you are satisfied with the answer, kindly select it as best one and also provide best feedback. thanks.
    • CApratik
    • Jul 20, 2016 at 2:24am

times interest earned ratio=income before interest and... View the full answer

corp times interest-earned ratio =... View the full answer

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  • corp times interest-earned ratio = EBIT/Interest expense = ($100,000 +$30,000+$8,000) / 8000 =17.25
    • profsmiles2
    • Jul 20, 2016 at 2:25am

Following is the formula for times interest earned ratio = EBIT(earning before interest and... View the full answer

1 comment
  • hi, if you are satisfied with my answer and explanation kindly accept this as best answer:)
    • nik18300
    • Jul 20, 2016 at 2:29am

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