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A Company's Had Fixed Interest Expense of $6,000,its Income Before

Question 177

Multiple Choice

A company's had fixed interest expense of $6,000,its income before interest expense and any income taxes is $18,000,and its net income is $8,400.The company's times interest earned ratio equals:


A) 0.33.
B) 0.71.
C) 1.40.
D) 3.00.
E) 12,000.

Correct Answer:

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