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

Question:

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 ra- tio for the year?

(a) 5.00.

(b) 4.00.

(c) 6.66.

(d) 7.50.

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