Pettijohn Inc. the Balance Sheet and Income Statement Shown Below Are for Are

question 76

Multiple Choice

Pettijohn Inc.
The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over.

-Refer to the data for Pettijohn Inc.What is the firm's TIE?

• A) 1.94
• B) 2.15
• C) 2.39
• D) 2.66
• E) 2.93

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Definitions:

Mass Extinctions

Events in Earth's history where large numbers of species become extinct in a relatively short period of time.

Fossil Record

The collection of all known fossils and their placement in rock formations and sedimentary layers, providing evidence of past life and evolutionary histories.

Protocells

Simple, self-organized, prebiotic structures that are considered the precursors to living cells.

Eukaryotic Cells

Cells that contain a nucleus and other organelles enclosed within membranes, differentiating them from prokaryotic cells.