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A Company's Has Fixed Interest Expense of $52,000, Income Taxes

Question 52

Multiple Choice

A company's has fixed interest expense of $52,000, income taxes expense of $121,000, and net income of $281,000. The company's times interest earned ratio equals:


A) 7.73.
B) 0.11.
C) 2.33.
D) 8.73.
E) 5.40.

Correct Answer:

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