Use the Following Information for Questions 60 Through 63

question 31

Multiple Choice

Use the following information for questions 60 through 63.
Information for Ramirez Corp. is given below: Additional information:
There are no preferred dividends in arrears, the balances in the Accounts Receivable and Inventory accounts are unchanged from January 1, 2015, and there were no changes in the Bonds Payable, Preferred Stock, or Common Stock accounts during 2015. Assume that preferred dividends for the current year have not been declared.
-The number of times interest was earned during 2015 was

• A) 700 ÷ 125.
• B) 1,000 ÷ 125.
• C) 1,124 ÷ 125.
• D) 874 ÷ 125.

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Definitions:

Democratic Party

One of the two major contemporary political parties in the United States, traditionally associated with progressive and liberal policies.

National Convention

A large meeting of a political party to select candidates and decide on policy. It is typically held every four years in the lead-up to a presidential election.

1924

The year notable for events such as the passage of the Immigration Act of 1924 in the United States, which imposed strict immigration quotas.

Welfare Capitalism

An approach by companies to provide welfare-like services to employees, including health care and housing, aiming to improve worker satisfaction and loyalty.