Last year Jackson Company had a net income of $160,000,income tax expense of $66,000,and interest expense of $20,000.The company's times interest earned was closest to:
A) 3.70 times.
B) 8.00 times.
C) 9.00 times.
D) 12.30 times.

Question

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The Answer of Last year Jackson Company had a net income of $160,000,income tax expense of $66,000,and interest expense of $20,000.The company's times interest earned was closest to:
A) 3.70 times.
B) 8.00 times.
C) 9.00 times.
D) 12.30 times.

Last Year Jackson Company Had a Net Income of $160,000,income