Wayne,Inchas Net Sales Revenue of $348,800,cost of Goods Sold of $274,400,and

question 161

Multiple Choice

Wayne,Inc.has net sales revenue of $348,800,cost of goods sold of $274,400,and net income of $2,400.If interest expense is $8,000 and income tax expense is $800,the times interest earned ratio is:

• A)1.4.
• B)0.33.
• C)1.3.
• D)0.40.