Question
In a recent year, Flounder Corp. had net income of $ 115000 , interest expense of $ 18500 , and income tax expense of $
In a recent year, Flounder Corp. had net income of $115000, interest expense of $18500, and income tax expense of $28500. What was Flounder Corp.’s times interest earned for the year?
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Intermediate Accounting
Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones
11th edition
978-0538467087, 9781111781262, 538467088, 1111781265, 978-0324659139
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