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PFM Company has sales of $210,000, interest expense of $8,000, a tax rate of 30%,...

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Question

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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