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

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