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    Exam 10: Reporting and Analyzing Liabilities
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    In a Recent Year Hart Corporation Had Net Income of $125,000
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In a Recent Year Hart Corporation Had Net Income of $125,000

Question 96

Question 96

Multiple Choice

In a recent year Hart Corporation had net income of $125,000, interest expense of $30,000, and tax expense of $40,000. What was Hart Corporation's times interest earned for the year?


A) 6.50
B) 4.17
C) 5.17
D) 5.50

Correct Answer:

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