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Long-term debt (average rate of interest is 8%) Interest expense $400,000 35,000 Net income Income tax Operating income 48,000 46,000 107,000 What is the times

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Long-term debt (average rate of interest is 8%) Interest expense $400,000 35,000 Net income Income tax Operating income 48,000 46,000 107,000 What is the times interest earned for 2010? 11.4 times 3.3 times. 3.1 times O 3.7 times. none of the answers are correct

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