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Amol Srivastava
Amol Srivastava, Accountant
Category: Finance
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Experience:  More than 4years + of industry experience ,CFA level2 cleared, Chartered Accountant from India
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What is the number of times bond interest charges are earned bonds

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What is the number of times bond interest charges are earned?

bonds payable, 12% (issued in 1993, due in 2013).....3,000,000
preferred $10 stock, $100 par......................................500,000
common stock, $20 par.................................................5,000,000
income before income tax 800,000
income taxes 200,000
cash dividends paid on common stock during the current year 220,000
common stock was selling for $44 per share at end of year
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