Question
Ron Landscaping's income statement reports net income of $74,800, which includes deductions for interest expense of $11,700 and income taxes of $35,100. Its times interest
Ron Landscaping's income statement reports net income of $74,800, which includes deductions for interest expense of $11,700 and income taxes of $35,100. Its times interest earned is:
Multiple Choice
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7.4 times
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10.4 times
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6.4 times
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0.16 times
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4.0 times
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Accounting
Authors: Charles T. Horngren, Walter T. Harrison Jr., M. Suzanne Oliv
9th Edition
130898414, 9780132997379, 978-0130898418, 132997371, 978-0132569309
