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Balance sheet and income statement data indicate the following: Bonds payable, 10% (due in 2 years) $890,000 Preferred 5% stock, $100 par (no change during
Balance sheet and income statement data indicate the following: Bonds payable, 10% (due in 2 years) $890,000 Preferred 5% stock, $100 par (no change during year) 214,400 Common stock, $50 par (no change during year) Income before income tax expense Income tax expense Common dividends paid Preferred dividends paid Based on the data presented, what is the times interest earned ratio? Round your answer to two decimal places. 1,830,500 381,814 77,178 91,525 10,720
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