MULTIPLE CHOICE QUESTIONS

Income before income taxes $400,000. Income tax expense 100,000. Net income $300,000. An analysis of the income statement revealed that interest expense was $100,000. Grand Company's times interest earned was. a. 5 times. b. 4 times. c. 3.5 times. d. 3 times. 70. The debt to total asset ratio measures. a. the company's profitability. ................
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