Multiple Choice
A firm has total interest charges of $10,000 per year, sales of $1 million, a tax rate of 40 percent, and a net profit margin of 6 percent. The firm's times interest earned ratio is:
A) 16 times.
B) 10 times.
C) 7 times.
D) 11 times.
E) 20 times.
Correct Answer:
Verified
Correct Answer:
Verified
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