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Posted on Aug 14, 2024

firm has a single issue of debt outstanding with book value of $ 1 . 1 4 million on which it pays an interest rate

firm has a single issue of debt outstanding with book value of $

1.14

million on which it pays an interest rate of

10 % .

What is the firm's times interest earned ratio?

Note: Do not round intermediate calculations. Round your answer to

2

decimal places.

Times interest earned

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