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What is the times interest earned for the takeaway shop

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The Takeaway Shop has net income after tax was $400,000 for its most recent year. The company's income statement included Income Tax Expense of $140,000 and Interest Expense of $60,000. At the beginning of the year The Takeaway Shop's stockholders' equity was $1,900,000 and at the end of the year it was $2,100,000. 26. What is the times interest earned for The Takeaway Shop?

Reference no: EM132801953

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