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3 . Balance sheet and income statement data indicate the following: Bonds payable, 6 % ( due in 1 5 years ) Preferred 8 %
Balance sheet and income statement data indicate the following:
Bonds payable, due in years
Preferred stock, $ par
no change during the year
Common stock, $ par
no change during the year
Income before income tax for year
Income tax for year
Common dividends paid
Preferred dividends paid
$
Based on the data presented, what is the times interest earned ratio round to two decimal places
a
b
c
d
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