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:

Hard Influence Tactic

A coercive strategy used to influence others' actions or decisions by exerting power or pressure, similar to hard influence tactics with emphasis on control.

Forming Coalitions

The process of creating alliances or partnerships between groups or individuals to achieve a common goal or address a common issue.

Strike

A collective work stoppage by a group of employees, often through a union, to express grievances or demand better conditions or pay.

Controlling Information

The management practice of regulating and determining the flow, access, and accuracy of information within an organization.