The Information Related to Interest Expense of Classic Music,Inc Based on the Above Data,which of the Following Is the Below

question 43

Multiple Choice

The information related to interest expense of Classic Music,Inc.is given below: $$\begin{array} { | l | r | } \hline \text { Net income } & \$ 264,000 \\\hline \text { Income tax expense } & 107,000 \\\hline \text { Interest expense } & 66,000 \\\hline\end{array}$$ Based on the above data,which of the following is the times-interest-earned ratio? (Round the final answer to two decimal places.)

• A) 4.08 times
• B) 4 times
• C) 6.62 times
• D) 5 times

Understand the legal definitions and implications of insider trading.

Recognize the elements and consequences of mail and healthcare fraud.

Identify the legal protections against self-incrimination and unwarranted searches, and understand the right to legal representation.

Comprehend the principles of criminal liability for corporate executives.

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Definitions:

Nearly Identical Duration

A characteristic of two or more financial instruments whose cash flows match or are very close in terms of their time structure, minimizing interest rate risk.

Bullish Position

An investment strategy where an investor believes that a particular asset's price will rise.

Performance Evaluation

The process of examining how well investments or portfolios have done over a period, comparing their returns against benchmarks or objectives.