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Which statement is false?
Annual Payroll
The total amount of wages, salaries, bonuses, and other compensation paid by a business to its employees over a year.
Business Days
Days of the week excluding weekends and public holidays, typically Monday through Friday, when business operations are conducted.
Fixed Charge Coverage
A financial metric evaluating how well a company can pay off its fixed expenses, like interest and leases, using its earnings before interest, taxes, depreciation, and amortization (EBITDA).
Times Interest Earned Ratio
A measure of a company's ability to meet its interest obligations, calculated as earnings before interest and taxes divided by interest expense.
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