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A company has an annual interest expense of $40,000. If its times-interest-earned ratio is 3.0, what is the Earnings Before Taxes (EBT)? a. $13,333 b.
A company has an annual interest expense of $40,000. If its times-interest-earned ratio is 3.0, what is the Earnings Before Taxes (EBT)?
| a. | $13,333 | |
| b. | $100,000 | |
| c. | $160,000 | |
| d. | $80,000 | |
| e. | $120,000 |
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Innovation And Technology
Authors: Nikos Vernardakis
1st Edition
0415676800, 978-0415676809
