The Following Data Represent Selected Information from the Comparative Income

question 19

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, 2014 and 2013: •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, 2013, and they were selling for $91.50 on December 31, 2014.
Refer to the table above. Hot Rolled Corporation's times-interest-earned ratio for the year ended December 31, 2014, was:

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

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Definitions:

Correlation

A measure that indicates the extent to which two or more variables fluctuate together.

Positive Correlation

A relationship between two variables in which both variables move in the same direction, indicating that as one variable increases, the other also increases.

Alcohol Consumption

The act of drinking beverages containing ethanol, which can have various effects on health and behavior depending on the amount and frequency of intake.

Negative Correlation

A connection between two variables where one variable rises while the other falls.