The Following Data Represent Selected Information from the Comparative Income

question 51

Multiple Choice

The following data represent selected information from the comparative income statement and balance sheet for Hot Rolled Corporation for the years ended December 31,2017 and 2016: •10,000 shares of common shares have been issued and outstanding since the company was established.They had a market value of $90 per share on December 31,2016,and they were selling for $91.50 on December 31,2017.
Refer to the table above.Hot Rolled Corporation's times-interest-earned ratio for the year ended December 31,2017,was:

• A) 22.75
• B) 11.88
• C) 11.38
• D) 10.88

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Definitions:

Relative Distribution

A measure of how income or wealth is shared among individuals or groups within a society.

Income

A flow of money to households.

Poverty Rate

The percentage of the population that lives below the national poverty line, indicating the proportion of the population living in poverty.

Hispanics

People from, or descendants of, Spanish-speaking populations, primarily found in Latin America and the United States.