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A Firm Has Net Income of $4,238 and Interest Expense

Question 119

Multiple Choice

A firm has net income of $4,238 and interest expense of $898.The tax rate is 35 percent.What is the firm's times interest earned ratio?

A) 7.33
B) 7.26
C) 5.38
D) 8.26
E) 9.33

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