Sharky's Loan Co

question 15

Multiple Choice

Sharky's Loan Co. has an annual interest expense of $30,000. If Sharky's times-interest-earned ratio is 2.9, what is Sharky's Earnings Before Taxes (EBT) ?

• A) $87,000
• B) $57,000
• C) $117,000
• D) $60,000

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