The Berry Patch Has Sales of $438,000,cost of Goods Sold

question 40

Multiple Choice

The Berry Patch has sales of $438,000,cost of goods sold of $369,000,depreciation of $37,400,and interest expense of $13,800.The tax rate is 35 percent.What is the times interest earned ratio?

• A)2.29
• B)3.46
• C)3.87
• D)4.38
• E)4.79