Multiple Choice
A company had fixed interest expense of $6,000, its income before interest expense and any income taxes is $18,000, and its net income is $8,400. The company's times interest earned ratio equals:
A) 0.33.
B) 0.71.
C) 1.40.
D) 3.00.
E) 12,000.
Correct Answer:
Verified
Correct Answer:
Verified
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