Fayer Corporation Has Provided the Following Financial Data

question 204

Multiple Choice

Fayer Corporation has provided the following financial data:
Dividends on common stock during Year 2 totaled $4,500. The market price of common stock at the end of Year 2 was $10.88 per share.
-The company's times interest earned ratio for Year 2 is closest to:

• A) 7.71
• B) 2.61
• C) 5.01
• D) 4.01

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Definitions:

Apprenticeship

A system of training a new generation of practitioners of a skill under the guidance of an expert through hands-on practice and learning.

Puberty

Process by which a person attains sexual maturity and the ability to reproduce.

Developmental Period

A span of time during which individuals undergo biological, psychological, and cognitive changes as they grow and mature.

Middle Childhood

A developmental phase from about 6 to 12 years of age, marked by significant growth in cognitive, emotional, and social skills.