Friendly Skies Airline Has Earnings Before Interest and Taxes of $21,680

question 6

Multiple Choice

Friendly Skies Airline has earnings before interest and taxes of $21,680 and net income of $12,542.The tax rate is 35 percent.What is the times interest earned ratio?

• A)0.88
• B)1.73
• C)3.09
• D)5.59
• E)9.09

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Definitions:

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