Nishat Corporation had net income of Rs. 100,000, paid income taxes of Rs. 30,000, and had interest expense of Rs. 8,000. What was Nishat's times interest earned ratio?
Times interest earned (TIE) ratio = EBIT/interest. = 138000/8000 = 17.25
355 MCQ for effective preparation of the test of Financial Statement Analysis of Accounting section.
Read the MCQ statement: Nishat Corporation had net income of Rs. 100,000, paid income taxes of Rs. 30,000, and had interest expense of Rs. 8,000. What was Nishat's times inte .... earned ratio? , keenly and apply the method you have learn through the video lessons for Financial Statement Analysis to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 276-278.