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Last Year Javer Corporation Had a Net Income of $200,000

Question 276

Multiple Choice

Last year Javer Corporation had a net income of $200,000, income tax expense of $74,000, and interest expense of $20,000. The corporation's times interest earned was closest to:


A) 10.0
B) 11.0
C) 5.3
D) 14.7

Correct Answer:

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