Multiple Choice
A times-interest-earned ratio of 3.5 indicates that the firm:
A) pays 3.5 times its earnings in interest expense.
B) has interest expense equal to 3.5% of EBIT.
C) has interest expense equal to 3.5% of net income.
D) has EBIT equal to 3.5 times its interest expense.
Correct Answer:
Verified
Correct Answer:
Verified
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