Question
In times of falling interest rates, and assuming no change in loan principal and constant profits, the times interest earned ratio will: a. Increase or
In times of falling interest rates, and assuming no change in loan principal and constant profits, the times interest earned ratio will:
a. Increase or decrease, depending on the size of the loan
b. Decrease
c. Increase
d. Remain unchanged
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Introductory Financial Accounting for Business
Authors: Thomas Edmonds, Christopher Edmonds
1st edition
1260299449, 978-1260299441
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