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Use the following information from separate companies a through d : Net Income (Loss) Interest Expense Income Taxes a. $ 107,000 $ 59,920 $ 26,750
Use the following information from separate companies a through d:
| Net Income (Loss) | Interest Expense | Income Taxes | |||||||
| a. | $ | 107,000 | $ | 59,920 | $ | 26,750 | |||
| b. | 101,600 | 24,384 | 36,576 | ||||||
| c. | 90,950 | 29,104 | 38,199 | ||||||
| d. | 110,100 | 7,707 | 52,848 | ||||||
Compute times interest earned. Which company indicates the strongest ability to pay interest expense as it comes due?
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MBA Accounting
Authors: Roger Hussey
1st Edition
0230303374, 9780230303379
