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Question 20 (4 points) Aps Company reported the following on its income statement: Income before income $420,000 taxes Income tax expense 120,000 Net income $300,000

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Question 20 (4 points) Aps Company reported the following on its income statement: Income before income $420,000 taxes Income tax expense 120,000 Net income $300,000 An analysis of the income statement revealed that interest expense was $70,000. Aps Company's times interest earned was a) 4.3 times. Ob) 9 times. c) 5.3 times. Od 7 times

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