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Oak Corporation's financial statements for the current year showed the following: Income Statement Revenues Expenses Interest expense Pretax income Income tax (30%) Net income $1,000,000
Oak Corporation's financial statements for the current year showed the following: Income Statement Revenues Expenses Interest expense Pretax income Income tax (30%) Net income $1,000,000 (660,000) (22,600) 317,400 95,220 $ 222,180 Compute Oak's times interest earned ratio. Time interest earned ratio
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