Multiple Choice
Last year, Hadley Bakery's statement of income reported the following: net income, $325,600; interest expense, $81,400; and income tax expense, $113,960.The company's times interest earned ratio is
A) 5.0 times.
B) 6.4 times.
C) 4.0 times.
D) 4.6 times.
Correct Answer:
Verified
Correct Answer:
Verified
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