Last Year,Jabber Company Had a Net Income of $180,000,income Tax

question 19

Multiple Choice

Last year,Jabber Company had a net income of $180,000,income tax expense of $62,000,and interest expense of $20,000.The company's times interest earned was closest to which of the following?

• A) 4.90 times.
• B) 9.00 times.
• C) 10.00 times.
• D) 13.10 times.

---

Definitions:

Member Nations

Countries that are part of an international organization or agreement and adhere to its statutes and regulations.

Amartya Sen

An Indian economist and philosopher, awarded the 1998 Nobel Memorial Prize in Economic Sciences for his contributions to welfare economics and social choice theory.

Globalization

The method through which companies or various entities gain international prominence or begin functioning globally.

Nobel Prize-winning Economist

An economist who has been awarded the Nobel Prize in Economic Sciences for their contributions to understanding and advancements in economics.