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The Following Data Came from the Financial Statements of Sawyer

Question 151

Multiple Choice

The following data came from the financial statements of Sawyer Company:  Total Assets $369,000 Total Liabilities 171,000 Total Stockholders’ Equity 198,000 Income Tax Expense 7,200 Interest Expense 900 Net Income 117,000\begin{array}{lr}\text { Total Assets } & \$ 369,000 \\\text { Total Liabilities } & 171,000 \\\text { Total Stockholders' Equity } & 198,000 \\\text { Income Tax Expense } & 7,200 \\\text { Interest Expense } & 900 \\\text { Net Income } & 117,000\end{array} What is the Sawyer's times interest earned ratio?


A) 130
B) 129
C) 122
D) 139

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