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Business, 05.05.2020 04:14 DreamDarkly768

Bonds payable, 8% (due in 15 years) $1,459,536 Preferred 8% stock, $100 par (no change during the year) $200,000 Common stock, $50 par (no change during the year) $1,000,000 Income before income tax for year $328,796 Income tax for year $98,639 Common dividends paid $60,000 Preferred dividends paid $16,000 Based on the data presented above, what is the times interest earned ratio (round to two decimal places)?

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Bonds payable, 8% (due in 15 years) $1,459,536 Preferred 8% stock, $100 par (no change during the ye...
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