Question
In a recent year Pina Colada Corp. had net income of $151000, interest expense of $28500, and income tax expense of $41300. What was Pina
In a recent year Pina Colada Corp. had net income of $151000, interest expense of $28500, and income tax expense of $41300. What was Pina Colada Corp.s times interest earned (rounded) for the year?
5.30
6.75
7.75
6.30
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Financial Accounting
Authors: Robert Kemp, Jeffrey Waybright
4th edition
978-0134125053, 9780134114781, 134125053, 134114787, 978-0134436111
