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    Cornerstones of Managerial Accounting
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    Exam 16: Financial Statement Analysis
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    Last Year Fuller Company Had a Net Income of $410,000
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Last Year Fuller Company Had a Net Income of $410,000

Question 95

Question 95

Multiple Choice

Last year Fuller Company had a net income of $410,000, income tax expense of $50,000, and interest expense of $34,000. The company's times-interest-earned ratio was closest to


A) 12.06.
B) 9.88.
C) 14.53.
D) 13.53.

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