Times Interest Earned Is Calculated By

question 127

Multiple Choice

Times interest earned is calculated by:

• A)Multiplying interest expense times income.
• B)Dividing interest expense by income before interest expense.
• C)Dividing income before interest expense and any income tax by interest expense.
• D)Dividing interest and income tax expense by income before interest and income tax expense.
• E)Dividing income before interest expense by interest expense and income taxes.

---

Definitions:

Slavery

A system in which individuals are owned by others, deprived of personal freedom and forced to perform labor or services.

Fifteenth Amendment

An amendment to the U.S. Constitution that prohibits the federal government and states from denying a citizen the right to vote based on their "race, color, or previous condition of servitude."

Right to Vote

The entitlement of citizens to participate in their government's election process to choose leaders and voice opinions on legislation and policies.

Thirteenth Amendment

An amendment to the U.S. Constitution that abolished slavery and involuntary servitude, except as a punishment for a crime.