Multiple Choice Question\ A company has earnings before interest and taxes of

$1,500,000

, its tax rate is

40%

, interest is

30%

of its total debt of

$600,000

, and lease payments are

$50,000

. What is the company's times interest earned ratio?\ 5 times\ 8.3 times\ 3.8 times\ 4 times

A company has earnings before interest and taxes of $1,500,000, its tax rate is 40%, interest is 30% of its total debt of $600,000, and lease payments are $50,000. What is the company's times interest earned ratio? 5 times 8.3 times 3.8 times 4 times