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Affluent Limited reported the following on its income statement: Income before income tax $1,200,000 Income tax expense 380,000 Net income $820,000 Interest expense was $150,000.
Affluent Limited reported the following on its income statement: Income before income tax $1,200,000 Income tax expense 380,000 Net income $820,000
Interest expense was $150,000. Affluent's times interest earned was
Question 52 options:
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| 9 times. |
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| 8 times. |
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| 6.5 times. |
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| 5.5 times. |
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