The net income of a company for the year just ended is $230,000. Income tax is $80,500 and interest expense is $20,000. The number of times interest was earned would be
A) 0.05.
B) 10.5.
C) 11.5.
D) 16.5.

Question

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The Answer of The net income of a company for the year just ended is $230,000. Income tax is $80,500 and interest expense is $20,000. The number of times interest was earned would be
A) 0.05.
B) 10.5.
C) 11.5.
D) 16.5.

The Net Income of a Company for the Year Just