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The Following Selected Information Relates to Candle Company for the Past

question 146

Multiple Choice

The following selected information relates to Candle Company for the past two years. The following selected information relates to Candle Company for the past two years.   What is the times-interest-earned ratio for the current year? A) 237.25 times B) 32.00 times C) 122.25 times D) 22.00 times What is the times-interest-earned ratio for the current year?


Definitions:

Current Asset

An asset that is expected to be converted into cash, sold, or consumed within one year or within the operating cycle of the business, whichever is longer.

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