Multiple Choice
Company X has net sales revenue of $436,000,cost of goods sold of $343,000,and net income of $3,000.If interest expense is $10,000 and income tax expense is $1,000,the times interest earned ratio is closest to:
A) 1.4.
B) 0.33.
C) 1.3.
D) 0.40.
Correct Answer:
Verified
Correct Answer:
Verified
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