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A Firm Has Net Income of $6,850 and Interest Expense

Question 103

Multiple Choice

A firm has net income of $6,850 and interest expense of $2,130.The tax rate is 34 percent.What is the firm's times interest earned ratio?

A) 3.22
B) 5.19
C) 5.38
D) 5.87
E) 6.33

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