In a recent year Kennedy Corporation had net income of ($ 150,000), interest expense of ($ 30,000),

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In a recent year Kennedy Corporation had net income of $\$ 150,000$, interest expense of $\$ 30,000$, and tax expense of $\$ 20,000$. What was Kennedy Corporation's times interest earned ratio for the year?

(a) 5.00

(c) 6.66

(b) 4.00

(d) 7.50

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Financial Accounting Tools For Business Decision Making

ISBN: 9780471169192

1st Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Jun 14, 2024 01:31 AM

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In a recent year Kennedy Corporation had net income of ($ 150,000), interest expense of ($ 30,000),

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Financial Accounting Tools For Business Decision Making

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