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Determine the number of times interest charges

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Question - Katula Company reported the following on the company's income statement in 2016 and 2015: 2016 2015 Interest expense $496,000 $595,200 Income before income tax expense 6,696,000 7,201,920 a. Determine the number of times interest charges were earned for 2016 and 2015. Round to one decimal place. 2016 2015.

Reference no: EM131865511

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