Question
A company's fixed interest expense is $24,000, its income before interest expense and income taxes is $192,000. Its net income is $88,300. The company's times
A company's fixed interest expense is $24,000, its income before interest expense and income taxes is $192,000. Its net income is $88,300. The company's times interest earned ratio equals:
Multiple Choice
-
0.46.
-
0.125.
-
8.00.
-
0.27.
-
2.17.
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
15th edition
1337671002, 978-1337395250
