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Goggle Limited Has the Following Figures in Its Statement of Profit

Question 3

Multiple Choice

Goggle Limited has the following figures in its statement of profit or loss for the year ended 31 October 2021
£Grass profit84,000Administration expenses24,000Bank overdraft interest600bank laan interest2,400Selling and distribution casts21,000Prafit before taxatian36,000Taxation9,000\begin{array}{l}\begin{array} {lll } &£\\\text {Grass profit}&84,000\\\text {Administration expenses}&24,000\\\text {Bank overdraft interest}&600\\\text {bank laan interest}&2,400\\\text {Selling and distribution casts}&21,000\\\text {Prafit before taxatian}&36,000\\\text {Taxation}&9,000\\\end{array}\end{array} Based on the above figures, what is Goggle Limited's interest cover ratio for the year ended 31 October 2021?


A) 9 times
B) 12 times
C) 13 times
D) 15 times

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