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Find the times interest earned for the year ended December

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Reference no: EM132726011

Question - The following information was available for the year ended December 31, 2019:

Earnings before interest and taxes (operating income) $50,000

Interest expense 10,000

Income tax expense 12,000

Net income 28,000

Total assets at year-end 200,000

Total liabilities at year-end 120,000

Required - Find the times interest earned for the year ended December 31, 2019?

Reference no: EM132726011

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