Multiple Choice
PFM Company has sales of $210,000,interest expense of $8,000,a tax rate of 30%,and a net profit after tax of $35,000.What is PFM Company's times interest earned ratio?
A) 4.375 times.
B) 5.375 times.
C) 7.250 times.
D) 15.500 times.
Correct Answer:
Verified
Correct Answer:
Verified
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