Selected income statement data follow for Harper Inc., for the year ended December 31 (in thousands). What
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Question:
Selected income statement data follow for Harper Inc., for the year ended December 31 (in thousands). What is the companys times interest earned ratio?
Income before provision | Interest | Statutory | Provision for | Net |
---|---|---|---|---|
for income taxes | expense | tax rate | income taxes | income |
$1,023,911 | $29,670 | 0.37 | $331,747 | $692,164 |
Select one:
a. None of these are correct.
b. 35.5
c. 34.5
d. 24.3
e. 11.2
Related Book For
Advanced Accounting
ISBN: 9781260247824
14th Edition
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
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