Multiple Choice
Last year, Mocha's Coffee Shop Inc.'s income statement reported the following: profit, $227,500; interest expense, $45,000; and income tax expense, $78,475.The company's times interest earned ratio is
A) 7.8 times.
B) 6.2 times.
C) 5.8 times.
D) 4.5 times.
Correct Answer:
Verified
Correct Answer:
Verified
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