Assume a company has net income of ($ 100,000), income tax expense of ($ 40,000), and interest

Question:

Assume a company has net income of $\$ 100,000$, income tax expense of $\$ 40,000$, and interest expense of $\$ 20,000$. The times interest earned ratio is:

a. 5 times

b. 7 times

c. 8 times

d. 9 times

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