Last Year Javer Corporation Had a Net Income of $200,000

question 276

Multiple Choice

Last year Javer Corporation had a net income of $200,000, income tax expense of $74,000, and interest expense of $20,000. The corporation's times interest earned was closest to:

• A)10.0
• B)11.0
• C)5.3
• D)14.7

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Definitions:

Ambivalence

Mixed feelings or contradictory attitudes towards an object, person, or action, making decision-making difficult.

Change

The process of becoming different, often implying an evolution or transformation in characteristics, conditions, or behaviors.

Problem

A situation, question, or issue that presents difficulty, uncertainty, or challenge, which requires a solution or response.