Problem related to times interest earned ratio

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Reference no: EM13147364

Pauk Corporation has provided the following data from its most recent income statement:

Net operating income.......................$87,000
Interest expense............................35,000
Net income before taxes.....................52,000
Income taxes................................16,000
Net income.................................$36,000

The times interest earned ratio is closest to:

A) 2.49

B) 3.55

C) 1.03

D) 1.49

Reference no: EM13147364

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