The Following Financial Statement Information Is Available for Long Corporation

question 71

Multiple Choice

The following financial statement information is available for Long Corporation: $\begin{array}{lrr}&2017&2016\\\text { Net income } & \$ 115,000 & \$ 80,000 \\\text { Income tax expense } & 30,000 & 29,000 \\\text { Interest expense } & 18,000 & 14,000 \\\text { Dividends paid to preferred } & & \\\quad \text { stockholders } & 22,000 & 20,000 \\\text { Dividends paid to preferred } & & \\\quad \text { stockholders } & 15,000 & 10,000\end{array}$ The times interest earned for 2017 is

• A)7.4 times.
• B)6.4 times.
• C)9.1 times.
• D)7.8 times.

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Definitions:

Classroom-Based

Activities, learning, or projects that occur within the traditional school classroom environment.

Successful Family Learning Event

An educational activity designed for families that effectively enhances learning and strengthens family bonds.

Engaging Activities

Tasks or actions designed to capture interest and actively involve participants in learning or entertainment.

School Facilitators

May act as guides to the various cultures found within a school setting.