Use the Present Value and Future Value Tables Included in Appendix

question 95

Multiple Choice

Use the present value and future value tables included in Appendix 8 and on the textbook companion website.
- Hakeem, Inc. reported the following data in its 2011 financial statements: total liabilities $38,400; total stockholders' equity, $19,200; net income, $4,320; income tax expense, $2,880; and interest expense, $2,400. The times interest earned ratio is

• A) 4.0 times
• B) 1.8 times
• C) 2.8 times
• D) 3.0 times

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Definitions:

Safety Performance

The record or measurement of workplace incidents and the implementation of safety protocols.

Ethical Responsibility

The obligation to act in a manner that is morally right and beneficial for society.

Diversity Advantage

The competitive edge that organizations can gain by having a diverse workforce, embracing multiple perspectives, experiences, and backgrounds.

Organisational Asset

Any valuable resource owned by an organization that can be used to create advantage, including physical, intangible, or human resources.