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Assume Earnings Before Interest and Taxes of $56,850 and Net

Question 72

Multiple Choice

Assume earnings before interest and taxes of $56,850 and net income of $23,954.The tax rate is 30 percent.What is the times interest earned ratio?

A) 1.51
B) 1.73
C) 2.37
D) 2.47
E) 2.51

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