Essay
Rock Music, Inc. signed a 200-day, 5%, $5,000 note on April 1, 2018, and this was the only note payable for the company. Calculate the times-interest-earned ratio of Rock Music, Inc. if its earnings before interest and taxes for the year ending December 31, 2018, is $4,300. Round all calculations to two decimal places. (Use a 360-day year.)
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