Assume a company has net income of $ 1 00,000, income tax expense of $40,000, and interest

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Assume a company has net income of $ 1 00,000, income tax expense of $40,000, and interest expense of $20,000. The times interest earned ratio is: pg-8

a. 5 times

b. 7 times

c. 8 times

d. 9 times

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Accounting A Business Perspective

ISBN: 9780075615859

7th Edition

Authors: Roger H. Hermanson, James Don Edwards, Michael W. Maher

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Question Posted: Jul 01, 2024 02:14 AM

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Assume a company has net income of $ 1 00,000, income tax expense of $40,000, and interest

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Accounting A Business Perspective

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