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Question 15 0.5 pts In the current year, a corporation had sales of $500,000, net income of $200,000, interest expense of $40,000, and tax expense
Question 15 0.5 pts In the current year, a corporation had sales of $500,000, net income of $200,000, interest expense of $40,000, and tax expense of $30,000. Its net sales were $1,000,000 and its cost of goods sold was $200,000. What was its times interest earned for the year? 4.00 O 5.75 O 5.00 6.50 O 6.75
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