Last year, Hadley Bakery's income statement reported the following: net income, $325,600; interest expense, $81,400; and income tax expense, $113,960. The company's times interest earned ratio is
A) 5.0 times.
B) 6.4 times.
C) 4.0 times.
D) 4.6 times.

Question

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The Answer of Last year, Hadley Bakery's income statement reported the following: net income, $325,600; interest expense, $81,400; and income tax expense, $113,960. The company's times interest earned ratio is
A) 5.0 times.
B) 6.4 times.
C) 4.0 times.
D) 4.6 times.

Last Year, Hadley Bakery's Income Statement Reported the Following: Net