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In a recent year, Acme Discount Retail Corporation's income statement showed income before interest and taxes of $170,000, interest expense of $20,000, and income tax
In a recent year, Acme Discount Retail Corporation's income statement showed income before interest and taxes of $170,000, interest expense of $20,000, and income tax expense of $30,000. What was Acme's times interest earned for the year? A) 8.50 B) 7.00 C) 6.00 D) 7.50
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