A Company Has Current Assets of $5 Million and Net

question 35

Multiple Choice

A company has current assets of $5 million and net income of $10 million.Current liabilities total $2.5 million,interest expense is $2 million,and income tax expense is $3 million.The times interest earned ratio for this company is approximately:

• A)0.5.
• B)7.5.
• C)0.3.
• D)2.0.

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The basis upon which a state is organized, and the powers of its government defined.

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A financial tool comprising a formal pledge by one entity to compensate another entity with a certain amount of money, which can be requested at any time or on a predefined future date.

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