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LOS. How do we use the times-interest-earned ratio to evaluate business performance? a) What is the formula for times-interest-carned? b) If net income is $1,000,

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LOS. How do we use the times-interest-earned ratio to evaluate business performance? a) What is the formula for times-interest-carned? b) If net income is $1,000, income tax expense is $100, and interest expense is $300, what is times- interest-earned (take to two decimal places)? F8 F7 F5 F4

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