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Hsu Company reported the following on its income statement: Income before income taxes $315,351 Income tax expense 94,605 Net income $220,746 An analysis of the
Hsu Company reported the following on its income statement:
| Income before income taxes | $315,351 | |
| Income tax expense | 94,605 | |
| Net income | $220,746 |
An analysis of the income statement revealed that interest expense was $65,456. Determine Hsu Company's times interest earned.
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Corporate Finance Text And Cases
Authors: Vishwanath S. R.
3rd Edition
9353282896, 978-9353282899
