Question
What is the number of times interest charges are earned in 2017? 16.7 times 19.7 times 29.1 times 28.1 times Ignore your answer to the
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What is the number of times interest charges are earned in 2017?
16.7 times
19.7 times
29.1 times
28.1 times
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Ignore your answer to the question above. Assume the times interest earned in 2016 was 3.3 times and in 2017 it was 3.0 times. Which of the following statements is FALSE?
The number of times interest charges are earned ratio has declined from 2016 to 2017.
In 2017, earnings before interest and taxes were approximately three times the amount of the company's interest expense.
The company's number of times interest charges are earned ratio improved from 2016 to 2017.
The higher the number of times interest charges are earned, the better.
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