In a recent year Kennedy Ltd had profit after tax of ($150) 000, interest expense of ($30)

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In a recent year Kennedy Ltd had profit after tax of $$150$ 000, interest expense of $$30$ 000, and tax expense of $$20$ 000. What was Kennedy Ltd’s times interest earned for the year?

(a) 5.00.

(b) 4.00.

(c) 6.67.

(d) 7.50.

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Financial Accounting Reporting, Analysis And Decision Making

ISBN: 9780730363279

6th Edition

Authors: Shirley Carlon

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Question Posted: May 10, 2024 01:00 AM

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In a recent year Kennedy Ltd had profit after tax of ($150) 000, interest expense of ($30)

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Financial Accounting Reporting, Analysis And Decision Making

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