Wayne,Inchas Net Sales Revenue of $348,800,cost of Goods Sold of $274,400,and

question 161

Multiple Choice

Wayne,Inc.has net sales revenue of $348,800,cost of goods sold of $274,400,and net income of $2,400.If interest expense is $8,000 and income tax expense is $800,the times interest earned ratio is:

• A)1.4.
• B)0.33.
• C)1.3.
• D)0.40.

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Definitions:

Real Estate Project

A planned undertaking in the property sector that involves the development, construction, or renovation of real estate properties.

Treasury Bills

Short-term government securities issued at a discount from the par value and pay no interest, maturing in a year or less.

Portfolio

A collection of investments held by an individual or institution, which may include stocks, bonds, real estate, and other financial assets.

Indifference Curves

Graphical representations in economics showing different bundles of goods between which a consumer is indifferent, reflecting preferences of equal utility.