Thrasher Company reported income before taxes of $180,000. The company is in a 30% income tax bracket. Also, Thrasher's income statement contained a charge for interest expense amounting to $60,000. Based on this information alone, what is the company's times-interest-earned ratio?
A. 3.1
B. 2.1
C. 3.0
D. 4.0
Answer: D
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A promise or order is payable at a definite time if it is payable:
A) on or before a stated date. B) at a definite period of time after sight or acceptance. C) at a time readily ascertainable at the time the promise or order is issued. D) All of these.
Which type of law regulates the rights and duties between parties?
A. criminal law B. administrative law C. civil law D. judicial law
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What will be an ideal response?