If a company had net income of interest expense of

Question

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 is the times interest earned ratio?

A.10.17
B. 17.95
C. 7.78
D. 7.18
E. 4.07

Answer

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