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Creighton Company reported the following on its income statement for the year: Line Item Description Amount Interest expense $ 6 0 0 , 0 0

 

Creighton Company reported the following on its income statement for the year:

Line Item Description Amount

Interest expense $600,000

Income before income tax expense 2,200,000

What is the times interest earned ratio (rounded to one decimal place)?

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The times interest earned TIE ratio is a measure of a companys ability to meet its interest obligati... blur-text-image

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