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A company reported the following on its income statement: Income before income taxes HK$600,000 Income tax expense 250,000 Net income HK$350,000 An analysis of the
A company reported the following on its income statement: Income before income taxes HK$600,000 Income tax expense 250,000 Net income HK$350,000 An analysis of the income statement revealed that interest expense was HK$50,000. The times interest earned was a. 11 times b. 10 times. C. 8.5 times d. 7.5 times Select one: a. D b. B . o d. A
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