Compute the times interest earned for Dechow Company, which reports income before interest ex pense and income

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Compute the times interest earned for Dechow Company, which reports income before interest ex¬ pense and income taxes of $1,575,000 and interest expense of $137,000. Interpret its times interest earned assume that its competitors average a times interest earned of 4.0.

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Fundamental Accounting Principles

ISBN: 9780072946604

17th Edition

Authors: Kermit D. Larson, John J Wild, Barbara Chiappetta

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