Multiple Choice
Last year Jabber Company had a net income of $180,000,income tax expense of $62,000,and interest expense of $20,000.The company's times interest earned was closest to:
A) 4.90 times.
B) 9.00 times.
C) 10.00 times.
D) 13.10 times.
Correct Answer:
Verified
Correct Answer:
Verified
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