If a Company Had Net Income of $2,379,600,interest Expense of 234,000,a

question 98

Multiple Choice

If a company had net income of $2,379,600,interest expense of 234,000,a tax rate of 40%,and operating income of $4,200,000,what is the times interest earned ratio?

• A)10.17
• B)17.95
• C)7.78
• D)7.18
• E)4.07

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Definitions:

Group Norms

Shared guidelines or rules that a group follows, which dictate expected behaviors and attitudes of its members.

Deception

The act of misleading or misguiding someone by concealing or distorting the truth.

Peripheral-Route Processing

Type of information processing that involves attending to factors not involved in the message, such as the appearance of the source of the message, the length of the message, and other noncontent factors.

Central-Route Processing

Type of information processing that involves attending to the content of the message itself.