The Following Selected Information Has Been Provided from the December

question 150

Multiple Choice

The following selected information has been provided from the December 31, 2021 year-end results of Will Smith Company: Revenues - $ 1,725,000; Operating Expenses - $ 955,000; Interest Expense - $ 48,900; Income Tax Expense - $ 216,330. The interest coverage ratio for Will Smith Company at December 31, 2021 would be

• A) 14.7 times.
• B) 11.3 times.
• C) 10.3 times.
• D) 15.7 times.

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Definitions:

High Performance

This term relates to achieving superior outcomes or levels of efficiency, often exceeding standard expectations or benchmarks.

Mediating Technology

Technologies that facilitate the interaction or communication between individuals, groups, or organizations, often making processes more efficient.

Mutually Beneficial

Mutually Beneficial describes a relationship or agreement that provides advantages and positive outcomes to all parties involved.

Values

Core beliefs or principles that guide behavior and decision-making, reflecting what is important to an individual or organization.