And associates reported the following amounts on its 2018 income statement: year ended december 31, 2018net income$60,500income tax expense12,100interest expense 5,000 what was mcdaniel's times-interest-earned ratio for 2018?

15.52 times

Explanation:

The formula to compute the times interest earned ratio is shown below:

Times interest earned ratio = (Earnings before interest and taxes) ÷ (Interest expense)

where,  

Earnings before interest and taxes would be

= Net income + income tax expense + interest expense

= $60,500 + $12,100 + $5,000

= $77,600

And, the interest expense is $5,000

Now put these values to the above formula  

So, the ratio would equal to

= $77,600 ÷ $5,000

= 15.52 times

being suspected of supplying drugs means you are much more likely to be charged. the amount of drugs found on you, and whether you have a criminal record, will be taken into account when a punishment is being decided.

decisions to prosecute are taken by the public prosecution service. the maximum sentences for intent to supply drugs are: