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How much is the times interest earned

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Question - Donaldson Company reported net income of $74,900 for 2014. The income statement also indicates that interest expense for 2014 was $11,000. Assuming an income tax rate of 30%, how much is the times interest earned for 2014?

a. 10.7 times

b. 6.8 times

c. 5.5 times

d. 9.9 times

Reference no: EM132531849

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