Fayer Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $4,500. The market price of common stock at the end of Year 2 was $10.88 per share. The company's times interest earned for Year 2 is closest to:
A)7.71
B)2.61
C)5.01
D)4.01

Question

Fayer Corporation has provided the following financial data:   Dividends on common stock during Year 2 totaled $4,500. The market price of common stock at the end of Year 2 was $10.88 per share. The company's times interest earned for Year 2 is closest to:
A)7.71 
B)2.61 
C)5.01 
D)4.01

Quizplus · Accepted Answer

The Answer of Fayer Corporation has provided the following financial data:   Dividends on common stock during Year 2 totaled $4,500. The market price of common stock at the end of Year 2 was $10.88 per share. The company's times interest earned for Year 2 is closest to:
A)7.71 
B)2.61 
C)5.01 
D)4.01

Fayer Corporation Has Provided the Following Financial Data