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QUESTION 9 BU Hotel Co. has an annual interest expense of $30,000. If BU's times interest earned ratio is 2.9, its Earnings before tax is $57,000. O True False QUESTION 10 A business with high fixed costs relative to variable costs is said to have high financial leverage. O True O False QUESTION 11 2 - The Balance Sheet is the recording of the business activities over the past business cycle. True O False QUESTION 12 2 points In a business with both fixed and variable costs, a 10% decrease in prices can be offset by a 10% increase in number of units sold True False QUESTION 9 BU Hotel Co. has an annual interest expense of $30,000. If BU's times interest earned ratio is 2.9, its Earnings before tax is $57,000. O True False QUESTION 10 A business with high fixed costs relative to variable costs is said to have high financial leverage. O True O False QUESTION 11 2 - The Balance Sheet is the recording of the business activities over the past business cycle. True O False QUESTION 12 2 points In a business with both fixed and variable costs, a 10% decrease in prices can be offset by a 10% increase in number of units sold True False