Question
ZT Nutrexs net income for the most recent year was $7,642. The tax rate was 34 percent. The firm paid $3,500 in total interest expense
ZT Nutrexs net income for the most recent year was $7,642. The tax rate was 34 percent. The firm paid $3,500 in total interest expense and had $4,800 in depreciation expense. What was the firms times interest earned ratio for the year ?
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Advanced Accounting
Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng
11th edition
538480289, 978-0538480284
