Selected Financial Data of Alexander Corporation for the Year Ended

question 35

Multiple Choice

Selected financial data of Alexander Corporation for the year ended December 31, 2011, is presented below:

Common stock dividends were $120,000. The times-interest-earned ratio is

• A) 2.8 to 1.
• B) 4.8 to 1.
• C) 6.0 to 1.
• D) 9.0 to 1.

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Definitions:

Middle Class

A social class that falls between the working class and the upper class, often defined by moderate income levels, education, and professional occupations.

Perpendicular Style

A phase of Gothic architecture prevalent in England during the late medieval period, noted for its emphasis on vertical lines and detailed decorations.

England

A country that is part of the United Kingdom, known for its rich history, cultural heritage, and as the birthplace of the English language.

Spain

A country in southwestern Europe known for its rich history, cultural diversity, and significant contributions to art, literature, and global exploration.