Manufacturer's Inc.estimates that its interest charges for this year will be $700 and that its net income will be $3,000.Assuming its average tax rate is 30%,what is the company's estimated times interest earned ratio?
A) 2.40
B) 4.25
C) 5.33
D) 7.12
E) 7.75

Question

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The Answer of Manufacturer's Inc.estimates that its interest charges for this year will be $700 and that its net income will be $3,000.Assuming its average tax rate is 30%,what is the company's estimated times interest earned ratio?
A) 2.40
B) 4.25
C) 5.33
D) 7.12
E) 7.75