In the current year, Pringle Company reported sales of $1,420,000, interest expense of $12,000, income tax expense

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In the current year, Pringle Company reported sales of $1,420,000, interest expense of $12,000, income tax expense of $13,000, and net income of $52,000. What is Pringle’s times interest earned ratio?

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Financial Accounting

ISBN: 978-1259964947

10th edition

Authors: Robert Libby, Patricia Libby, Frank Hodge

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Question Posted: Oct 11, 2019 12:05 PM

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In the current year, Pringle Company reported sales of $1,420,000, interest expense of $12,000, income tax expense

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Times Interest Earned Net Income ...View the full answer

Financial Accounting

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