In a recent year Marigold Corporation had net income of $142000, interest expense of $40000, and tax expense of $16000. What was Marigold Corporation's times interest earned for the year? 4.95 3.95 4.55 3.55
In a recent year Marigold Corporation had net income of $142000, interest expense of $40000, and tax expense of $16000. What was Marigold Corporation's times interest earned for the year? 4.95 3.95 4.55 3.55
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:In a recent year Marigold Corporation had net income of $142000, interest expense of $40000, and tax expense of
$16000. What was Marigold Corporation's times interest earned for the year?
4.95
3.95
4.55
3.55
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