Question
McShane Corporation has sales of $300,000, a gross profit margin of 35%, operating expenses of $85,500, a tax rate of 21%, and annual interest charges
McShane Corporation has sales of $300,000, a gross profit margin of 35%, operating expenses of $85,500, a tax rate of 21%, and annual interest charges of $7,500. What is McShanes times interest earned?
| a. | 2.60 | |
| b. | 1.60 | |
| c. | 14.00 | |
| d. | 1.26 |
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Financial Accounting Essentials You Always Wanted To Know Self Learning Management Series
Authors: Vibrant Publishers , Kalpesh Ashar
5th Edition
1636510973, 978-1636510972
