Question
In 2010 Jackson Corporation reported income from operations $180,000, interest expense $50,000, and income tax expense $40,000. Jacksons times interest covering ratio was: a. 3.6
In 2010 Jackson Corporation reported income from operations $180,000, interest expense $50,000, and income tax expense $40,000. Jacksons times interest covering ratio was:
a.
3.6 times.
b.
4.6 times.
c.
5.4 times.
d.
4.4 times.
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Finance Plain And Simple
Authors: Sebastian Nokes
1st Edition
0273731297, 978-0273731290
