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61. What is Babcock's times interest earned, if its total interest charges are P20,000, sales are P220,000, and its net prot margin is 6 percent?

61. What is Babcock's times interest earned, if its total interest charges are P20,000, sales are P220,000, and its net prot margin is 6 percent? Assume a tax rate of 40 percent. a. 2.65 b. 1.1 c. 2.1 d. 1.2

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