If a Company Had Income Before Interest and Taxes in the Amount

question 155

Multiple Choice

If a company had income before interest and taxes in the amount of $2,345,540 and a times interest earned ratio of 5.2,what is the total amount of the company's interest expense?

• A)$451,065
• B)$320,185
• C)$121,968
• D)$275,840
• E)$230,000

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Definitions:

Amnion

A thin, protective membrane that surrounds the embryo or fetus in the amniotic sac, containing the amniotic fluid.

Embryonic Membrane

Membranes such as the amnion and chorion that develop during embryogenesis to protect and nourish the embryo.

Watery Sac

A fluid-filled bladder or cyst that can form in various parts of the body, often benign.

Primitive Streak

Ectodermal ridge in the midline of the embryonic disk, from which arises the mesoderm by the inward and then lateral migration of cells.