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Balance sheet and income statement data indicate the following: Bonds payable, 10% (due in two years) $960,000 Preferred 5% stock, $100 par (no change during

Balance sheet and income statement data indicate the following:

Bonds payable, 10% (due in two years) $960,000
Preferred 5% stock, $100 par (no change during year) 227,000
Common stock, $50 par (no change during year) 2,195,000
Income before income tax for year 363,000
Income tax for year 76,000
Common dividends paid 109,750
Preferred dividends paid 11,350

Based on the data presented above, what is the number of times bond interest charges were earned (round to one decimal point)?

A.3.8

B.6.6

C.2.8

D.4.8

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