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16. Farr Company reported the following on its income statement: Income before income taxes $600.000 Income tax expense 150.000 Net income $450.000 An analysis of

16. Farr Company reported the following on its income statement: Income before income taxes $600.000 Income tax expense 150.000 Net income $450.000 An analysis of the income statement revealed that interest expense was $60.000. Farr Company's times interest earned was a. 11 times. b. 10 times. c. 8.5 times. d. 7.5 times.

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