Multiple Choice
Last year Jackson Company had a net income of $160,000,income tax expense of $66,000,and interest expense of $20,000.The company's times interest earned was closest to:
A) 3.70 times.
B) 8.00 times.
C) 9.00 times.
D) 12.30 times.
Correct Answer:
Verified
Correct Answer:
Verified
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