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What is the times interest earned ratio

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Reference no: EM133156303

Question - Balance sheet and income statement data indicate the following:

Bonds payable, 6% (due in 15 years) $1,200,000

Income before Income tax for year 320,000

Income tax for year 80,000

Interest payable 33,000

Interest receivable 19,000

Required - Based on the data presented above. What is the times interest earned ratio?

Reference no: EM133156303

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