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Information from a Manufacturing Company's Current Year Income Statement Follows

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Information from a manufacturing company's current year income statement follows:
 Sales $800,000 Cost of goods sold 455,000 Gross profit $345,000 Operating expenses 65,000 Operating income $0,000 Interest expense 32,000 Income before taxes $8,000 Income taxes expense 12,400 Net income $35,600\begin{array} { | l | r | } \hline \text { Sales } & \$ 8 0 0 , 0 0 0 \\\hline \text { Cost of goods sold } & 455,000 \\\hline \text { Gross profit } & \$ 3 4 5 , 0 0 0 \\\hline \text { Operating expenses } &6 5 , 0 0 0 \\\hline \text { Operating income } & \$ 0 , 0 0 0 \\\hline \text { Interest expense } & 3 2 , 0 0 0 \\\hline \text { Income before taxes } & \$ 8 , 0 0 0 \\\hline \text { Income taxes expense } & 12,400 \\\hline \text { Net income } & \$ 3 5 , 6 0 0 \\\hline\end{array}
Calculate the company's times interest earned.

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$80,000/$3...

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