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.

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Definitions:

Psychological Factor

Represents the mental and emotional influences that affect consumer behaviors and decision-making processes.

Functional Need

A consumer's requirement for a specific feature or function that a product or service must fulfill to be considered useful.

Lifestyle

The way in which a person or group lives, including patterns of social relations, consumption, entertainment, and dress.

Cognitive Component

A component of attitude that reflects what a person believes to be true.