In a recent year Pina Colada Corp. had net income of $151000, interest


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In a recent year Pina Colada Corp. had net income of $151000, interest expense of $28500, and income tax expense of $41300. What was Pina Colada Corp.’s times interest earned (rounded) for the year? 5.30 6.75 7.75 6.30

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In a recent year Pina Colada Corp. had net income of $151000, interest
expense of $28500, and income tax expense of $41300. What was Pina Colada Corp.’s times interest earned (rounded) for the year?

5.30

6.75

7.75

6.30

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