For 2014, Corn Flake Corporation reported net income of $300,000. Interest expense was $40,000 and income taxes

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For 2014, Corn Flake Corporation reported net income of $300,000. Interest expense was $40,000 and income taxes were $100,000. The times interest earned ratio was:

(a) 3 times.

(b) 4.4 times.

(c) 7.5 times.

(d) 11 times.

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Financial And Managerial Accounting

ISBN: 9781118004234

1st Edition

Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt

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Question Posted: Feb 15, 2024 09:00 AM

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For 2014, Corn Flake Corporation reported net income of $300,000. Interest expense was $40,000 and income taxes

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Financial And Managerial Accounting

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