Last Year,Javer Company Had a Net Income of $200,000,income Tax

question 115

Multiple Choice

Last year,Javer Company had a net income of $200,000,income tax expense of $74,000,and interest expense of $20,000.The company's times interest earned was closest to which of the following?

• A) 5.30 times.
• B) 10.00 times.
• C) 11.00 times.
• D) 14.70 times.

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Definitions:

Emotional State

The internal condition of a person that involves feelings, moods, and attitudes, which can affect behavior and perception.

Somatoform

A category of mental disorders characterized by physical symptoms that cannot be fully explained by any underlying medical condition.

Bipolar Disorder

A psychiatric condition that is identified by significant mood changes, from highly elevated moods (mania or hypomania) to periods of deep depression.

Depression

A common and serious medical illness that negatively affects how you feel, the way you think, and how you act, leading to emotional and physical problems.