If a Company Had Net Income of $2,379,600,interest Expense of 234,000,a

question 92

Multiple Choice

If a company had net income of $2,379,600,interest expense of 234,000,a tax rate of 40%,and operating income of 4,200,000,what would the times interest earned ratio be for the company?

• A)10.17
• B)17.95
• C)7.78
• D)7.18
• E)4.07

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