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In a Recent Year, Garvey Corporation Had Net Income of $120,000

Question 187

Multiple Choice

In a recent year, Garvey Corporation had net income of $120,000, interest expense of $20,000, and income tax expense of $30,000.What was Garvey Corporation's times interest earned for the year?


A) 6.00
B) 7.00
C) 7.50
D) 8.50

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