Last year ABC Company had profits of $150,000, interest expense of $30,000, and income tax expense of $20,000. What is the company's times interest earned ratio? O a. 6.0 times O b. 6.7 times O c. 5.7 times O d. 5.0 times ABC Company holds DEF Company's 4 month, 9%, $10,000 note. The entry made by ABC Company when the note is collected, assuming no interest has previously been accrued, is: O a. Cash $10,300 Notes Receivable $10,300 O b. Cash $10,300 Notes Receivable $10,300 O c. Cash $10,300 Notes receivable $10,000 Interest Revenue $ 300 O d. Accounts Receivable $10,300 Notes receivable $10,000 Interest Revenue $ 300 Debt to Earnings Current Total per Ratio Assets Share ABC Company 2.0:1 75.5% $8.50 DEF Company 1.5:1 40.3% $2.75 Compared to DEF Company, ABC Company has: O a. Higher liquidity, higher solvency, and higher profitability * O b. Higher liquidity, lower solvency, and higher profitability Oc. Lower liquidity, higher solvency, and higher profitability O d. Higher liquidity, lower solvency, but the profitability can't be compared based on the information given Which of the following items on a bank reconciliation requires an adjusting entry on the company's books? O a. A deposit in transit O b. A bank service charge O c. Outstanding cheques O d. An error by the bank