The average number of shares of common stock outstanding


Question - Frank's Boat shop, Inc. reports operating income of $70,000 and interest expense of $16,000. The average number of shares of common stock outstanding during the year was 30,000 shares. What is the times-interest-earned ratio?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: The average number of shares of common stock outstanding
Reference No:- TGS02835426

Now Priced at $20 (50% Discount)

Recommended (94%)

Rated (4.6/5)