Multiple Choice
What would be the times interest earned of a company if its total interest charges are $20,000, sales are $220,000, and its net profit margin is 6 percent? Assume a tax rate of 40 percent.
A) 2.65
B) 1.1
C) 2.1
D) 1.2
Correct Answer:
Verified
Correct Answer:
Verified
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