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M10-4 (Algo) Computing the Times Interest Earned Ratio LO10-3 Oak Corporation's financial statements for the current year showed the following: (Round your answers to 2
M10-4 (Algo) Computing the Times Interest Earned Ratio LO10-3 Oak Corporation's financial statements for the current year showed the following: (Round your answers to 2 decimal places.) Revenues Expenses Income Statement $840,000 (628,000) Interest expense Pretax income Income tax (30%) (14,600) 197,400 (59,220) Net income $ 138,180 Compute Oak's times interest earned ratio. Times interest earned ratio
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Principles Of Financial And Managerial Accounting
Authors: James Don Edwards, Roger H. Hermanson
1st Edition
0256130000, 978-0256130003
