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Fayer Corporation Has Provided the Following Financial Data

Question 204

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Fayer Corporation has provided the following financial data:
Fayer Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $4,500. The market price of common stock at the end of Year 2 was $10.88 per share. -The company's times interest earned ratio for Year 2 is closest to: A) 7.71 B) 2.61 C) 5.01 D) 4.01 Fayer Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $4,500. The market price of common stock at the end of Year 2 was $10.88 per share. -The company's times interest earned ratio for Year 2 is closest to: A) 7.71 B) 2.61 C) 5.01 D) 4.01 Dividends on common stock during Year 2 totaled $4,500. The market price of common stock at the end of Year 2 was $10.88 per share.
-The company's times interest earned ratio for Year 2 is closest to:


A) 7.71
B) 2.61
C) 5.01
D) 4.01

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