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In a Recent Year, Hart Corporation Had Net Income of $155,000

Question 25

Multiple Choice

In a recent year, Hart Corporation had net income of $155,000, interest expense of $30,000, and income tax expense of $40,000.What was Hart Corporation's times interest earned for the year?


A) 7.50
B) 5.17
C) 6.17
D) 6.50

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