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Mr. Ali has asked you to advise him of the debt position of his Corporation. He provides you with the ratios indicated below. 2008 2009

Mr. Ali has asked you to advise him of the debt position of his Corporation. He provides you with the ratios indicated below. 2008 2009 2010 Times Interest Earned 8.2 6.0 5.3 Using these ratios, we noticed that the times interest earned has declined. This can be caused by higher income, higher debt, or a combination of both Select one: True False

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