A Firm Has Net Income of $5,890 and Interest Expense

question 56

Multiple Choice

A firm has net income of $5,890 and interest expense of $2,130. The tax rate is 34 percent. What is the firm's times interest earned ratio?

• A) 4.82
• B) 5.19
• C) 5.38
• D) 5.67
• E) 6.33

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