What was times interest earned ratio

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Reference no: EM131956781

During the previous year, a firm had sales of $230,000, cost of goods sold of $75,000, depreciation expense of $27,000, and additions to retained earnings of $33,360. The firm currently has 20,000 shares of common stock outstanding, and the previous year's dividends per share were $1.50. Assuming a 34% income tax rate, what was the times interest earned ratio?

Reference no: EM131956781

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