In a Recent Year, Joey Corporation Had Net Income of $150,000

question 80

Multiple Choice

In a recent year, Joey Corporation had net income of $150,000, interest expense of $40,000, and tax expense of $20,000.What was Joey Corporation's times interest earned
For the year?

• A)5.25
• B)4.75
• C)3.75
• D)4.25

---

Definitions:

Testator

An individual who has made a will or testament to bequeath their estate upon their death.

Executed

Completed or carried out fully; in legal terms, often refers to fully signed contracts or executed legal documents.

Property Disposal

The act of getting rid of property, whether by sale, destruction, donation, or other means, especially in the context of public or corporate assets.

Making A Will

The legal process through which an individual specifies how their assets should be distributed after death.