A firm has net income of $5,890 and interest expense of $2,130. The tax rate is 34 percent. What is the firm's times interest earned ratio?
A) 4.82
B) 5.19
C) 5.38
D) 5.67
E) 6.33

Question

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The Answer of A firm has net income of $5,890 and interest expense of $2,130. The tax rate is 34 percent. What is the firm's times interest earned ratio?
A) 4.82
B) 5.19
C) 5.38
D) 5.67
E) 6.33

A Firm Has Net Income of $5,890 and Interest Expense