Company X Has Net Sales Revenue of $436,000, Cost of Goods

question 78

Multiple Choice

Company X has net sales revenue of $436,000, cost of goods sold of $343,000, and all other expenses of $90,000. What is the times interest earned ratio, if interest expense is $10,000 and income tax expense is
$1,000?

• A) 1.4
• B) .33
• C) 1.3
• D) .40

---

Definitions:

Sharing Wealth

The act of distributing financial resources or assets among a wider group, often to reduce inequality.

Anger

A strong feeling of annoyance, displeasure, or hostility.

Native Clients

Refers to customers or clients who are indigenous or original inhabitants of a particular region, especially in the context of providing services that are culturally sensitive.

Constructively Handle

To deal with a situation or problem in a positive and effective manner that leads to beneficial outcomes.