For the Most Recent Year,Wilson Enterprises Had Sales of $689,000,cost

question 92

Multiple Choice

For the most recent year,Wilson Enterprises had sales of $689,000,cost of goods sold of $470,300,depreciation expense of $61,200,and additions to retained earnings of $48,560.The firm currently has 12,000 shares of common stock outstanding,and the previous year's dividends per share were $1.18.Assuming a 35 percent tax rate,what was the times interest earned ratio?

• A)1.47
• B)2.09
• C)2.58
• D)3.15
• E)3.67

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Definitions:

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Cladogram

A diagram that shows the evolutionary relationships among a group of organisms based on shared characteristics, not depicting time or evolutionary distance.

Phylogeneticists

Scientists who study the evolutionary relationships and history among different species based on their genetic information.

Shared Derived Characteristics

Traits that are shared by a group of organisms due to common ancestry, distinguishing them from other organisms.