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10. The following selection financial data pertains to Callow Corporation for the current year ended December 31: Operating Income $ 900,000 Interest Expense (100,000) Income

10. The following selection financial data pertains to Callow Corporation for the current year ended December 31: Operating Income $ 900,000 Interest Expense (100,000) Income before income tax 800,000 Income tax expense (320,000) Net Income 480,000 Preferred stock dividends (200,000) Net Income available to common stockholders $ 280,000 The times interest earned ratio is

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