In a recent year, Garvey Corporation had net income of $120,000, interest expense of $20,000, and income tax expense of $30,000.What was Garvey Corporation's times interest earned for the year?
A)6.00
B)7.00
C)7.50
D)8.50

Question

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The Answer of In a recent year, Garvey Corporation had net income of $120,000, interest expense of $20,000, and income tax expense of $30,000.What was Garvey Corporation's times interest earned for the year?
A)6.00
B)7.00
C)7.50
D)8.50

In a Recent Year, Garvey Corporation Had Net Income of $120,000