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15. Please calculate times interest earned and total asset turnover ratios based on the following facts: Beginning Total Assets = $840,000; Gross Sales = $
15. Please calculate "times interest earned and total asset turnover" ratios based on the following facts: Beginning Total Assets = $840,000; Gross Sales = $ 950,000; Interest Expense = $120,000; Ending Total Assets = $750,000; Sales Returns & Allowances = $80,000; and EBT = $ 420,000
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