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A company has the following information related to its operations at the end of the year: Assets: $ 4 8 2 , 0 0 0

A company has the following information related to its operations at the end of the year:

Assets: $482,000
Liabilities: $281,000
Owners equity: $201,000

Earnings before interest and taxes: $1,345,000
Interest expense: $199,999

 
 Calculate what the company times earned interest ratio. 
 
  

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