Balance Sheet and Income Statement Data Indicate the Following Based on the Data Presented Above, What Is the Times

question 113

Multiple Choice

Balance sheet and income statement data indicate the following: $$\begin{array} { l r } \text { Bonds payable, } 6 \% \text { (due in } 15 \text { years) } & \$ 1,200,000 \\\text { Income before income tax for year } & 320,000 \\\text { Income tax for year } & 80,000 \\\text { Interest payable } & 33,000 \\\text { Interest receivable } & 19,000\end{array}$$
Based on the data presented above, what is the times interest earned ratio? (Round to two decimal places.)

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