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2-17 You have the following financial information on Red Dragon Resources for the most recent fiscal year: sales were $205,000; interest expense was $8,450; depreciation

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You have the following financial information on Red Dragon Resources for the most recent fiscal year: sales were $205,000; interest expense was $8,450; depreciation expense was $10,300; and operating costs were $82,500. What is the times interest earned ratio? 11.28 B 12.28 13.28 D 14.28

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