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Comte the times interest earned ratio

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Question - California Company reported total stockholders' equity of $1,500,000 at December 31, 2011. In addition, there were 160,000 shares of common stock and zero shares of preferred stock outstanding for the entire year. During 2011, California earned net income equal to $200,000, which included deductions of $14,000 for interest and $30,000 for income taxes. Total dividends declared and paid to common stockholders during the year were $120,000. The company's statement of cash flows showed $130,000 in net cash inflows from operating activities, and its stock was selling for $34 per share on December 31, 2011. Comte the times interest earned ratio?

A. 17.43

B. 14.29

C. 16.43

D. 12.44

Reference no: EM132604966

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