Stinky Carpet Cleaning Service produced net income of $125,600 in 2012. Interest expense was $12,550 during the

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Stinky Carpet Cleaning Service produced net income of $125,600 in 2012. Interest expense was $12,550 during the year, and income tax expense was $42,000.
Required
Calculate Stinky's times interest earned ratio and briefly explain the result.

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Financial ACCT2

ISBN: 978-1111530761

2nd edition

Authors: Norman H. Godwin, C. Wayne Alderman

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Question Posted: Jul 16, 2015 04:59 AM

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Stinky Carpet Cleaning Service produced net income of $125,600 in 2012. Interest expense was $12,550 during the

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125600 12550 42000 12550 1435 Times interest earned ratio comp...View the full answer

Financial ACCT2

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