Company X Has Net Sales Revenue of $436,000,cost of Goods

question 128

Multiple Choice

Company X has net sales revenue of $436,000,cost of goods sold of $343,000,and all other expenses of $90,000.If interest expense is $10,000 and income tax expense is $1,000,the times interest earned ratio is closest to

• A)1.4.
• B).33.
• C)1.3.
• D).40.

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Definitions:

Dynasty

A line of hereditary rulers of a country or empire; a succession of people from the same family who play a prominent role in business, politics, or another field.

Present Discontents

A reference to current dissatisfaction or unease among a population or within an individual about social, political, or personal circumstances.

Edmund Burke

An Irish statesman and philosopher, often regarded as the father of modern conservatism, known for his support of the American Revolution and critiques of the French Revolution.

Act of Union

Refers to various legislative acts that united two or more regions or countries into a single entity, such as the 1707 act uniting England and Scotland.