Solved

Last Year, Nickel Company Had a Net Income of $150,000

Question 144

Multiple Choice

Last year, Nickel Company had a net income of $150,000, income tax expense of $30,000, and interest expense of $20,000.The company's times-interest-earned ratio was closest to:


A) 33 times.
B) 17 times.
C) 10 times.
D) 22 times.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q89: Indicate the type of each ratio listed

Q121: Indicate the type of each ratio listed

Q140: Jackson Company, a retailer, had cost of

Q141: Selected financial data from Harlow Company for

Q142: Many industrial averages and figures are published

Q143: Industrial statistics should be taken as absolute

Q145: A ratio analysis of financial statements indicates:<br>A)

Q146: Chaney Inc.wants to measure the relationship between

Q148: For meaningful analysis, ratios should be compared

Q149: Which profitability ratio requires the use of