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samualson samualson
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Posts: 2459
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6 years ago
Standard Inc. has an annual interest expense of $40,000. If Standard's times-interest-earned ratio is 3.0, what is Standard's Earnings Before Taxes (EBT)?
A) $47,000
B) $80,000
C) $120,000
D) $160,000
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Marc18Marc18
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#1
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6 years ago
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samualson Author
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#2
6 years ago
Smart ... Thanks!
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