Friendly's Shoe Store Has Earnings Before Interest and Taxes of $21,680

question 96

Multiple Choice

Friendly's Shoe Store has earnings before interest and taxes of $21,680 and net income of $12,542. The tax rate is 34 percent. What is the times interest earned ratio?

• A) 0.88
• B) 1.67
• C) 3.09
• D) 5.59
• E) 8.10

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