Multiple Choice
A company had a fixed interest expense of $6,000,its income before interest expense and any income taxes was $18,000 and its net income was $8,400.The company's times interest earned ratio is equal to
A) 0.33
B) 0.71
C) 1.40
D) 3.00
E) 12,000
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q57: A high merit rating means that an
Q64: A company sells personal computers,with an included
Q65: The Appleton Company borrowed $100,000 on May
Q67: The Orlando Magic received $6 million cash
Q70: Miller Company has a times interest earned
Q72: For the year ended December 31,2013,Mason Company
Q73: The current FUTA tax rate is 0.8%
Q74: If a company paid $820,000 in bonuses,and
Q93: _ are banks authorized to accept deposits
Q144: The deferred income tax liability:<br>A) Represents income