A firm has net income before interest and taxes of 176000, Finance Basics

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A firm has net income before interest and taxes of 176000

Question: A firm has net income before interest and taxes of $176,000 and interest expense of $26,200.

a. What is the times-interest-earned ratio? (Round your answer to 2 decimal places.)

b. If the firm's lease payments are $42,800, what is the fixed charge coverage? (Round your answer to 2 decimal places.)

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Finance Basics: A firm has net income before interest and taxes of 176000

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Finance Basics: A firm has net income before interest and taxes of 176000

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