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In a Recent Year Garvey Corporation Had Net Income of $100,000

Question 245

Multiple Choice

In a recent year Garvey Corporation had net income of $100,000, interest expense of $20,000, and tax expense of $30,000. What was Garvey Corporation's times interest earned for the year?


A) 5.00
B) 6.00
C) 6.50
D) 7.50

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