Town company reported the following on its income statement: income before income taxes $750,000income tax expense 150,000net income $600,000an analysis of the income statement revealed that interest expense was $100,000. town company's times interest earned wasa. 7.5 times. b. 5 times. c. 6 times. d. 8.5 times.

D. 8.5 times

Explanation:

The interest earned ratio= EBIT/ interest

EBIT=750000+100000=850000

The Interest earned ratio= 850000/100000= 8.5 times

The correct answer is D. 8.5 times.

the most important factor in the

work process or industry is to retain the interest of the employee. and to

retain them, their salary or profit must be adjusted to the best value. unless

the employee does not do his job properly, employees must receive bonuses or

benefits to ensure them to stay in the company. it will actually make them stay

longer, make them feel important and reduce costs for hiring new employees.

explanation:

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