Auto Industries Company Reported the Following on Its Income Statement

question 134

Multiple Choice

Auto Industries Company reported the following on its income statement: If the income statement also shows interest expense equal to $80,000, what is the company's times interest earned ratio?

• A)5 times
• B)8 times
• C)5.25 times
• D)6.25 times

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Definitions:

Permeability

Refers to the ability of a material or membrane to allow liquids or gases to pass through it.

Self-esteem

refers to the perception individuals have about their worth or value as a person.

Self-concept

An individual's understanding and evaluation of their own behaviors, abilities, and unique characteristics.

Self-image

The conception or mental image one has of oneself, influenced by personal experiences, body image, and the perceptions of others.