The Following Information Was Obtained from Quayle Company's Income Statement

question 16

Multiple Choice

The following information was obtained from Quayle Company's income statement: $\begin{array}{lr}\text { Income before Interest and Income Tax Expense } & \$ 685,000 \\\text { Interest Expense } & 75,000 \\\text { Income before Income Tax Expense } & 610,000 \\\text { Income Tax Expense } & 213,500 \\\text { Net Income } & \$ 396,500\end{array}$ What is the times interest earned ratio?

• A)5.29
• B)8.13
• C)9.13
• D)1.73

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Definitions:

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The financial ability to pay for a babysitter or childcare services.

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Abuse or aggression that occurs in a romantic relationship, encompassing physical, sexual, emotional, and financial abuse.

Depressive Symptoms

A range of behaviors and experiences including persistent sadness, lack of energy, feelings of hopelessness, and difficulties with concentration that are typical of the clinical condition known as depression.

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A visible expression of sorrow or unhappiness, often noted as a clinical symptom in psychological assessment.