The Times Interest Earned Ratio for a Firm with Earnings

question 148

Multiple Choice

The times interest earned ratio for a firm with earnings before taxes of $30,000, interest expense of $3,000, and income after taxes of $24,000, is:

• A) 8 times.
• B) 10 times.
• C) 11 times.
• D) None of the above

---

Definitions:

Conceptualized

Formed into a concept or idea, often as an initial step in the development of detailed plans or designs.

Authentic Leadership

A leadership style that emphasizes transparency, ethics, and integrity, encouraging leaders to be genuine and true to their values.

Leadership Studies

An interdisciplinary academic field of study that focuses on leadership theory and practice.

Authentic Leadership

A leadership style characterized by genuine, transparent, and ethical behavior, where leaders are true to themselves and prioritize open communication with their followers.