In a recent year Day Corporation had net income of $150,000, interest expense of $30,000, and tax

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In a recent year Day Corporation had net income of $150,000, interest expense of

$30,000, and tax expense of $20,000. What was Day Corporation’s times interest earned ratio for the year?

(a) 5.00.

(c) 6.67,

(b) 4.00.

(d) 7.50.

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Financial Accounting Tools For Business Decision Making

ISBN: 9780471730514

4th Edition

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

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Question Posted: Jul 05, 2024 10:10 AM

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In a recent year Day Corporation had net income of $150,000, interest expense of $30,000, and tax

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Financial Accounting Tools For Business Decision Making

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