Question
It is a Multiple choice question. Please help! If a company had net income of $3,379,600, Interest expense of 234,000, a tax rate of 40%,
It is a Multiple choice question. Please help!
If a company had net income of $3,379,600, Interest expense of 234,000, a tax rate of 40%, and operating of $4,200,000, what is the times interest earned ratio?
A. 10.17
B. 7.95
C. 7.78
D. 7.18
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Auditing And Assurance Services
Authors: Alvin Arens, Randal J. Elder
14th Global Edition
0273755013, 978-0273755012
