sydney1069 sydney1069

08-09-2022
Mathematics

Answered

A company has earnings before interest and taxes of $1,500,000, its tax rate is 40 %, interest is 30% of its total debt of $600,000, and lease payments are
$50,000. What is the company's times interest earned ratio?
3.8 times
8.3 times
O 5 times
4 times

Answer :

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