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Calculate the Times Interest Earned Ratio Given the Following Information

Question 268

Multiple Choice

Calculate the times interest earned ratio given the following information: depreciation expense = $30,000; EBIT = $180,000; cash coverage ratio = 14 times.


A) 8.0 times
B) 7.5 times
C) 11.5 times
D) 12.0 times
E) 12.5 times

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