Multiple Choice
Neelty Corporation has interest expense of $16,000, sales of $600,000, a tax rate of 30%, and after-tax net income of $56,000. The company's times interest earned ratio is closest to:
A) 6.0
B) 5.0
C) 4.5
D) 3.5
Correct Answer:
Verified
Correct Answer:
Verified
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