If a Company Had Net Income of $2,379,600,interest Expense of 234,000,a

question 98

Multiple Choice

If a company had net income of $2,379,600,interest expense of 234,000,a tax rate of 40%,and operating income of $4,200,000,what is the times interest earned ratio?

• A)10.17
• B)17.95
• C)7.78
• D)7.18
• E)4.07

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Definitions:

Intragroup Conflict

Conflict that occurs within a group, among its members, often stemming from differences in opinions, goals, or values.

Heider's Balance Theory

A theory that suggests individuals are motivated to maintain consistency among their beliefs, attitudes, and sentiments, leading to a harmonious state.

Dual Concerns Model

A conflict resolution framework positing that individuals’ approaches to conflict are determined by their levels of concern for self and others.

Process Conflict

A disagreement among team members about the logistics and methods of task achievement, rather than the task itself.