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What was mcdaniel times-interest-earned ratio

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Reference no: EM132960625

Problem - McDaniel and Associates, Inc. reported the following amounts on its 2024 income statement:

Year Ended December 31, 2024

Net income $37,800

Income tax expense 4,800

Interest expense 4,000

What was McDaniel's times-interest-earned ratio for 2024?

Reference no: EM132960625

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