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Calculate the times interest earned ratio for LaTonya

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Reference no: EM132668526

Question - Sales are $1.41 million, cost of goods sold is $555,000, depreciation expense is $141,000, other operating expenses is $291,000, addition to retained earnings is $134,150, dividends per share is $1, tax rate is 35 percent, and number of shares of common stock outstanding is 81,000. LaTonya's Flop Shops has no preferred stock outstanding.

Required - Use the above information to calculate the times interest earned ratio for LaTonya's Flop Shops, Inc.

Reference no: EM132668526

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