Use the Following to Answer Questions

question 65

Multiple Choice

Use the following to answer questions
The Ventura Company reported total stockholders' equity of $500,000 at December 31, 2010. In addition, there were 80,000 shares of common stock and zero shares of preferred stock outstanding for the entire year. During 2010, Ventura earned net income equal to $75,000, which included deductions of $7,000 for interest and $11,000 for income taxes. Total dividends paid to common stockholders during the year were $60,000. The company's statement of cash flows showed $56,000 in net cash inflows from operating activities, and its stock was selling for $17 per share on December 31, 2010.
-The times interest earned ratio was:

• A)13.3
• B)12.3
• C)10.7
• D)8.5

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Definitions:

Limbic System

A complex system of nerves and networks in the brain, involved in instincts and emotions such as fear, pleasure, and anger.

Neural Circuitry

denotes the complex network of neurons connected by synapses in the nervous system, facilitating communication and processing of information.

Sexual Dimorphism

Both internal and external physical differences between the sexes, which increase during the adolescent growth spurt.

Growth Spurt

A rapid period of growth, particularly in height and weight, often occurring during puberty.