Gorilla Movers has sales of $645,560, cost of goods sold of $425,890, depreciation of $32,450, and interest expense of $12,500.The tax rate is 30 percent.What is the times interest earned ratio?
A) 14.98
B) 12.75
C) 11.63
D) 6.25
E) 2.75
Correct Answer:
Verified
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