Abernathy Electronics reported the following amounts on its 2018 income statement: Year Ended December 31, 2018 Net
Question:
Year Ended December 31, 2018
Net income .................................. $ 45,000
Income tax expense ........................ 6,750
Interest expense ............................. 3,750
What is Abernathy's times-interest-earned ratio for 2018? (Round to two decimals.)
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