A Company's Had Fixed Interest Expense of $5,000,its Income Before

question 125

Multiple Choice

A company's had fixed interest expense of $5,000,its income before interest expense and income taxes is $17,000,and its net income is $9,400.The company's times interest earned ratio equals:

• A)0.5.
• B)1.8.
• C)1.9.
• D)3.4.
• E)0.3.

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Definitions:

Test Outcome

The result or conclusion derived from conducting a test, which could be quantitative or qualitative, based on the objectives and methodology of the test.

Hypothesis

An educated guess formed on the grounds of restricted data, designed to facilitate more in-depth inquiry.

Dependent Variable

The variable in an experiment that is expected to change as a result of manipulations of the independent variable.

Fast-Food Consumption

The frequency at which individuals consume meals provided by fast-food restaurants.