In a Recent Year, Garvey Corporation Had Net Income of $120,000

question 187

Multiple Choice

In a recent year, Garvey Corporation had net income of $120,000, interest expense of $20,000, and income tax expense of $30,000.What was Garvey Corporation's times interest earned for the year?

• A)6.00
• B)7.00
• C)7.50
• D)8.50

---

Definitions:

Planning Client-centered Goals

The process of setting personalized objectives for individuals receiving care, focusing on their specific needs and preferences.

Unhealthy Response

Maladaptive reactions or behaviors to situations or stimuli that can negatively affect one's physical, mental, or emotional well-being.

Goals Guide

A framework or plan designed to motivate and guide a person towards achieving specific, desired objectives.

Health Status

An individual's overall physical, mental, and social well-being, not just the absence of disease or infirmity.