Dehne Corporation Has Provided the Following Data from Its Most

Dehne Corporation has provided the following data from its most recent income statement:
$\begin{array}{l}\text {Net operating income }&\$ 75,000 \\\text { Interest expense. }&\$ 32,000 \\\text {Net income before taxes }&\$ 43,000 \\\text {Income taxes. }&\$ 13,000 \\\text { Net income.}&\$ 30,000\end{array}$
Required:
Compute the times interest earned ratio.Show your work!

Correct Answer:

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Times interest earned = Earnin...

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