Multiple Choice
A company's fixed interest expense is $8,000, its income before interest expense and income taxes is $32,000. Its net income is $9,600. The company's times interest earned ratio equals:
A) 0.25.
B) 3.33.
C) 0.30.
D) 4.0.
E) 0.83.
Correct Answer:
Verified
Correct Answer:
Verified
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