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    Financial Accounting Information for Decisions Study Set 2
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    Exam 9: Reporting and Analyzing Current Liabilities
  5. Question
    A Company Has Income Before Interest Expense and Income Taxes
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A Company Has Income Before Interest Expense and Income Taxes

Question 7

Question 7

Short Answer

A company has income before interest expense and income taxes of $186,000, and its interest expense is $55,000. Calculate the company's times interest earned ratio.

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