Question Description
please provide answer and working
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questions doc is attached
example:
3. Assume the following is select financial information for Kohl’s Corporation for fiscal 2016 ($ millions).
|
Current assets……………………………… |
$4,775 |
|
Current liabilities…………………………… |
2,590 |
|
Interest expense…………………………… |
303 |
|
Total liabilities………………………………. |
7,586 |
|
Shareholders’ equity……………………… |
6,508 |
|
Earnings before interest and taxes….. |
2,158 |
Compute the times interest earned ratio using Kohl’s reported financial information.
|
a. 0.140 |
||
|
b. 0.022 |
||
|
c. 7.122 |
||
|
d. 21.48 |
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