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25-04-2024
Business

Answered

The information is for the current year for Madison Company: Net income $360,000 Income tax expense $180,000 Interest expense $41,000 Based on the above data, What is the times-interest-earned ratio? (Round the final answer to two decimal places.)
1) 13.17 times
2) 9.78 times
3) 14.17 times
4) 12.17 times

Answer :

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