The Time-Interest-Earned Ratio Is a Measure of Ability to Pay

question 24

True/False

The time-interest-earned ratio is a measure of ability to pay debt.

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Definitions:

Asserted

Stated confidently or forcefully as a fact or belief.

Unasserted

Not confidently or forcefully stated or expressed.

Connective

A word or phrase in logic that connects propositions, such as "and," "or," and "not."

Asserted

To declare affirmatively; to state as a fact.