A company had an interest expense of $5,700, income before interest expense and income taxes of $17,800, and net income of $8,200. the company's times interest earned ratio equals 3.12 times.
The values given in the question are as follows:
Fixed Interest Expense = $5700
Income before Interest Expenses and Income taxes = $1780
The calculations for computing Times Interest Earned Ratio are as follows:
Times Interest Earned Ratio = Income before Interest Expense and Income taxes / Interest Expense
= 17800 / 5700
= 3.12 times
Hence, the answer is "3.12".
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