Last year Jack Company had a net income of $270,000, income tax expense of $50,000, and interest expense of $20,000. The company's times interest earned was closest to:
A) 17.00
B) 10.00
C) 13.50
D) 14.50

Name: Last year Jack Company had a net income of $270,000, income tax expense of $50,000, and interest expense of $20,000. The company's times interest earned was closest to: A) 17.00 B) 10.00 C) 13.50 D) 14.50
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Times interest earned = Net income / Interest expense= 270,000 / 20,000= 13.5

Last Year Jack Company Had a Net Income of $270,000