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

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

a. 5.00 ,

b. 4.00 .

c. 6.67 .

d. 7.50 .

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Accounting Tools For Business Decision Making

ISBN: 9780470377857

3rd Edition

Authors: Paul D. Kimmel

Question Posted: Feb 26, 2024 04:00 AM

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

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Accounting Tools For Business Decision Making

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