Question
A company had a fixed interest expense of $ 5000, its income before interest expense and any income taxes was $24,000 and its net income
A company had a fixed interest expense of $ 5000, its income before interest expense and any income taxes was $24,000 and its net income was $8,400. The company's times interest earned ratio equals to
| a. | 4.8 | |
| b. | 2.261 | |
| c. | 3.45 | |
| d. | 3.45 |
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Auditing A Practical Approach
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton, Valerie Warren
4th Canadian Edition
1119709490, 9781119709497
