Multiple Choice
Albany Company has net income before taxes of $90,000,interest expense of $36,000 and an income tax rate of 20%.Based on this information,the company's times interest earned ratio is:
A) 12.5 times
B) 2.5 times
C) 3.5 times
D) 4.0 times
E) None of the answer choices is correct.
Correct Answer:
Verified
Correct Answer:
Verified
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