Rama Company Reported the Following on Its Income Statement An Analysis of the Income Statement Revealed That Interest Expense

question 292

Multiple Choice

Rama Company reported the following on its income statement: $\begin{array}{lr}\text { Income before income taxes } & \$ 500,000 \\\text { Income tax expense } & 150,000 \\\text { Net income } & \$ 350,000\end{array}$ An analysis of the income statement revealed that interest expense was $60,000. Rama Company's times interest earned was

• A) 6.8 times.
• B) 9.3 times.
• C) 8.3 times.
• D) 5.8 times.

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Definitions:

Specie Richness

A measure of the number of different species present in an ecological community, indicating its biodiversity.

Negatively Impact

To have a harmful or adverse effect on something.

Dominant Species

In a community, a species that as a result of its large biomass or abundance exerts a major influence on the distribution of populations of other species.

Common Species

A term referring to species that are frequently encountered within their habitat or geographical area, often well-adapted to living in human-altered environments.