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GMC Corporation reported the following on its income statement: Income from Operations $650,000 Interest Expense 50,000 Income tax expense $150,000 Net income $450,000 An analysis
GMC Corporation reported the following on its income statement: Income from Operations $650,000 Interest Expense 50,000 Income tax expense $150,000 Net income $450,000 An analysis of the income statement revealed that interest expense was $50,000. GMC Company's times interest earned was Select one: a. 7.7 times * b. 9 times c. 13 times d. 11 times
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