If a company had net income of $2,379,600,interest expense of 234,000,a tax rate of 40%,and operating income of 4,200,000,what would the times interest earned ratio be for the company?
A)10.17
B)17.95
C)7.78
D)7.18
E)4.07

Name: If a company had net income of $2,379,600,interest expense of 234,000,a tax rate of 40%,and operating income of 4,200,000,what would the times interest earned ratio be for the company? A)10.17 B)17.95 C)7.78 D)7.18 E)4.07
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Quizplus · Accepted Answer

4,200,000/234,000= 17.95

If a Company Had Net Income of $2,379,600,interest Expense of 234,000,a