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i ne following information comes from the balance sheets and income statements or Crosby Co.: As of or for the Year ended December 31 Current
i ne following information comes from the balance sheets and income statements or Crosby Co.: As of or for the Year ended December 31 Current Year Prior Year Cash $ 13,500 $ 13,000 Accounts receivable 20,500 25,000 Inventory 35,000 32,500 Property and equipment 127,000 124,000 Current liabilities 35, eee 38,500 Long-term liabilities 68,000 65, eee Stockholders' equity 93,000 91,000 Net sales revenues 385,000 330,000 Cost of goods sold 242,500 240,000 Operating expenses 95,000 90,000 Interest expense 8,750 11,500 Income tax expense 10,500 11,000 T What is the times interest earned ratio for the current year? Multiple Choice 0 0 0 0
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