In a Recent Year Hart Corporation Had Net Income of $125,000

question 96

Multiple Choice

In a recent year Hart Corporation had net income of $125,000, interest expense of $30,000, and tax expense of $40,000. What was Hart Corporation's times interest earned for the year?

• A) 6.50
• B) 4.17
• C) 5.17
• D) 5.50

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Definitions:

Professional Codes of Ethics

Sets of guidelines designed to outline acceptable behaviors and decision-making processes for professionals within specific industries.