PFM Company has sales of $210,000, interest expense of $8,000, a tax rate of 30%,...
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Accounting
PFM Company has sales of $210,000, interest expense of $8,000, a tax rate of 30%, and a net profit after tax of $35,000. What is PFM Company's times interest earned ratio?
A. 4.375 times.
B. 5.375 times.
C. 7.250 times.
D. 15.500 times.
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