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Delta, Inc., has a times interest earned ratio of 3.0. Based on this ratio, a creditor knows that Delta's EBIT must decline by more than

Delta, Inc., has a times interest earned ratio of 3.0. Based on this ratio, a creditor knows that Delta's EBIT must decline by more than ______ percent before Delta will be unable to cover its interest expense. a. 33 b. 40 c. 67 d. 75

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