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6. Sophia Company's 2020 financial statements contain the following selected data: Income Taxes $45,000 Interest Expense 25,000 Net Income 80,000 Sophia Company's times interest earned
6. Sophia Company's 2020 financial statements contain the following selected data: Income Taxes $45,000 Interest Expense 25,000 Net Income 80,000 Sophia Company's times interest earned for 2020 is: A) 4.0 times B) 5.0 times. C) 6.0 times. D) 3.2 times
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ACCA Financial Accounting Study Text 2020 21
Authors: Emile Woolf International
1st Edition
1848439210, 978-1848439214
