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QUESTION 22 A firm recorded interest expense of $400,000 and had a times interest earned ratio of 8.5x. Its total debt was $5,700,000. The debt

QUESTION 22 A firm recorded interest expense of $400,000 and had a times interest earned ratio of 8.5x. Its total debt was $5,700,000. The debt ratio for the firm was 25%. The firm's basic earning power would be 14.99 8.9% 16.2% 10.4% none of these

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