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If a Company Had Net Income of $2,379,600,interest Expense of 234,000,a

Question 98

Multiple Choice

If a company had net income of $2,379,600,interest expense of 234,000,a tax rate of 40%,and operating income of $4,200,000,what is the times interest earned ratio?


A) 10.17
B) 17.95
C) 7.78
D) 7.18
E) 4.07

Correct Answer:

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