A Company Had a Fixed Interest Expense of $6,000,its Income

question 69

Multiple Choice

A company had a fixed interest expense of $6,000,its income before interest expense and any income taxes was $18,000 and its net income was $8,400.The company's times interest earned ratio is equal to

• A)0.33
• B)0.71
• C)1.40
• D)3.00
• E)12,000

---

Definitions:

Organism

A living entity consisting of one cell, like bacteria, or many cells, like plants, animals, and humans.

Biome

A large ecological area on the Earth's surface, with flora and fauna adapting to its environment, such as deserts, forests, and tundras.

Climate

The average weather conditions in a particular region over a long period, characterized by temperature, precipitation, and other factors.