In a Recent Year Chandler Corporation Had Net Income of $150000

question 64

Multiple Choice

In a recent year Chandler Corporation had net income of $150000 interest expense of $40000 and tax expense of $20000. What was Chandler Corporation's times interest earned for the year?

• A) 5.25
• B) 4.75
• C) 3.75
• D) 4.25

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Definitions:

Feedforward Control

A proactive control mechanism that focuses on preventing issues before they occur by monitoring inputs and conditions.

Raw Materials

Basic substances or components used in the manufacturing process to produce goods or finished products.

Production Department

The division within a company responsible for producing goods or services, focusing on efficient operation to meet business objectives.

Forward-thinking Approach

A proactive way of planning and thinking that anticipates future needs, trends, and changes, rather than reacting to events as they happen.