Multiple Choice
A company has current assets of $5 million and net income of $10 million.Current liabilities total $2.5 million,interest expense is $2 million,and income tax expense is $3 million.What is the times interest earned ratio for this company?
A) 0.5
B) 7.5
C) 0.3
D) 2.0
Correct Answer:
Verified
Correct Answer:
Verified
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