Last Year Neil Company Had a Net Income of $170,000

question 162

Multiple Choice

Last year Neil Company had a net income of $170,000, income tax expense of $37,000, and interest expense of $24,000. The company's times-interest-earned ratio was closest to

• A) 8.63.
• B) 7.08.
• C) 9.63.
• D) 6.24.

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Definitions:

Feedback

Information provided about actions or behavior, which is used to reinforce or modify the actions or behavior in question.

Openness

The willingness to be receptive to new ideas, experiences, and information.

Integrative Feedback

A comprehensive approach to providing feedback that aims to incorporate multiple perspectives and aspects of performance for constructive development.

Questionnaire-based Process

A method or procedure that involves collecting data or gathering opinions using a set of pre-designed questions presented in a questionnaire format.