Multiple Choice
The Berry Patch has sales of $438,000,cost of goods sold of $369,000,depreciation of $37,400,and interest expense of $13,800.The tax rate is 35 percent.What is the times interest earned ratio?
A) 2.29
B) 3.46
C) 3.87
D) 4.38
E) 4.79
Correct Answer:
Verified
Correct Answer:
Verified
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