Multiple Choice
Montreal Brewing Company has an outstanding debt of $20 million.10 percent of the company debt bears an interest cost of 8 percent and the rest costs 6 percent.If their earnings before taxes are $5.2 million,then their times-interest-earned ratio would be:
A) 3.2
B) 4.2
C) 5.2
D) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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