If a Company Had Income Before Interest and Taxes in the Amount

question 155

Multiple Choice

If a company had income before interest and taxes in the amount of $2,345,540 and a times interest earned ratio of 5.2,what is the total amount of the company's interest expense?

• A)$451,065
• B)$320,185
• C)$121,968
• D)$275,840
• E)$230,000

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Definitions:

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The ability to decide freely and knowledgeably without being forced.

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An ongoing process of understanding and developing oneself in order to achieve one's fullest potential.

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Relating to the essential nature of something or motivated by internal rewards rather than external pressures.