In a Recent Year, Hart Corporation Had Net Income of $155,000

question 25

Multiple Choice

In a recent year, Hart Corporation had net income of $155,000, interest expense of $30,000, and income tax expense of $40,000.What was Hart Corporation's times interest earned for the year?

• A)7.50
• B)5.17
• C)6.17
• D)6.50

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Definitions:

English Exam

A test or examination that assesses proficiency in the English language, covering various aspects such as reading, writing, speaking, and listening skills.

Stem-And-Leaf Display

A graphical method of displaying quantitative data to assess its distribution, typically used in exploratory data analysis.

Percent Growth

A measure that indicates the percentage increase or decrease in a value or quantity over a specified time period.

Sales Growth

An increase in the amount of products or services sold by a company over a specific period, often expressed as a percentage.