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In the past year Crane Corporation had net income of $209000, interest expense of $46000, and tax expense of $90000. During the current year, Crane
In the past year Crane Corporation had net income of $209000, interest expense of $46000, and tax expense of $90000. During the current year, Crane refinanced their debt so interest expense is now $39000. Net Income is expected to be $248000 and the tax expense is expected to be $103000. What is Crane Corporation's times interest earned after the changes? 6.367.282.4110.00
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