In 2013 Shum Corporation Reported Income from Operations $180,000, Interest

question 102

Multiple Choice

In 2013 Shum Corporation reported income from operations $180,000, interest expense $50,000, and income tax expense $40,000.Shum's times interest earned ratio was:

• A)5.4 times.
• B)4.6 times.
• C)4.4 times.
• D)3.6 times.

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Definitions:

Circadian Rhythms

Biological processes that display an endogenous, entrainable oscillation of about 24 hours, affecting various physiological processes in living organisms.

Melatonin

A hormone produced by the pineal gland that regulates sleep and wakefulness.

Hormone

A chemical substance produced in the body that controls and regulates the activity of certain cells or organs.

Attacked

To be aggressively targeted or assaulted, either physically, verbally, or through other means.