Use the Following Information to Answer the Next Two Questions

question 47

Multiple Choice

Use the following information to answer the next two questions:
Recent financial statement data for Harmony Health Foods (HHF) Inc.is shown below.

-HHF's times interest earned ratio is:

• A)3.47.
• B)1.72.
• C)2.47.
• D)10.0.

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Definitions:

Accountable

Being responsible for one's actions or decisions, often implying an obligation to report, explain, or justify something.

Profit Responsibility

The accountability for achieving financial gain and managing resources effectively within an organization.

Owners

Individuals or entities that legally possess something, holding the rights to control and benefit from it.

Stockholders

Individuals or entities that own shares in a corporation, giving them partial ownership and possibly the right to vote on corporate matters.