Last Year, Hadley Bakery's Income Statement Reported the Following: Net

question 95

Multiple Choice

Last year, Hadley Bakery's income statement reported the following: net income, $325,600; interest expense, $81,400; and income tax expense, $113,960. The company's times interest earned ratio is

• A) 5.0 times.
• B) 6.4 times.
• C) 4.0 times.
• D) 4.6 times.

---

Definitions:

Standard Form

In logic, the standard form refers to a way of structuring categorical propositions to clearly express their subject, predicate, and quantifier, facilitating easier analysis.

Hypothetical Syllogism

A form of logical reasoning that connects two conditional statements to arrive at a conclusion, typically structured as "If P, then Q; if Q, then R; thus, if P, then R."

Werewolves

Mythical or folkloric creatures said to transform from humans into wolves or hybrid wolf-like creatures, often during a full moon.

Hypothetical Syllogism

A form of logical reasoning with two conditional ("if-then") statements followed by a conclusion that combines their hypothetical premises.