How many times was interest earned in 2014 the following


The following data come from the financial records of Adams Corporation for 2014.

  Sales $ 720,000
  Interest expense 6,000
  Income tax expense 12,000
     Net income 42,000

Required

How many times was interest earned in 2014?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: How many times was interest earned in 2014 the following
Reference No:- TGS02585923

Now Priced at $10 (50% Discount)

Recommended (91%)

Rated (4.3/5)