A Company's Had Fixed Interest Expense of $6,000,its Income Before

question 177

Multiple Choice

A company's had fixed interest expense of $6,000,its income before interest expense and any income taxes is $18,000,and its net income is $8,400.The company's times interest earned ratio equals:

• A)0.33.
• B)0.71.
• C)1.40.
• D)3.00.
• E)12,000.

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