In a Recent Year Garvey Corporation Had Net Income of $100,000

question 245

Multiple Choice

In a recent year Garvey Corporation had net income of $100,000, interest expense of $20,000, and tax expense of $30,000. What was Garvey Corporation's times interest earned for the year?

• A) 5.00
• B) 6.00
• C) 6.50
• D) 7.50