A company has $650,000 of income before tax for the period. Interest expense is $45,000 . What is the Times interest earned ratio?
a. 16.2
b. 14.44
c. 15.44
d. 16.44
e. None of the answers are correct.
c
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Indicate whether the statement is true or false
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Indicate whether the statement is true or false
The Federal Trade Commission has filed a complaint against Provide Commerce, the parent company of Pro-Flowers, for "false and misleading" advertising. Pro-Flowers claims that it ships inventory "directly from the fields." The ads imply that the flowers are not picked until they are ordered. Pro Flowers actually stores flowers in refrigerated warehouses and ships from these warehouses. The FTC can most likely order Pro-Flowers to run ________ and inform its customers that its flowers do not come fresh from the field.
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