A Company Had a Fixed Interest Expense of $6,000,its Income

question 107

Multiple Choice

A company had a fixed interest expense of $6,000,its income before interest expense and any income taxes was $18,000 and its net income was $8,400.The company's times interest earned ratio is equals to

• A)0.33
• B)0.71
• C)1.40
• D)3.00
• E)12,000

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