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Question 26 The Grant Company reported the following income for 2018: Sales Cost of goods sold Gross margin Selling and administrative expense Operating income
Question 26 The Grant Company reported the following income for 2018: Sales Cost of goods sold Gross margin Selling and administrative expense Operating income Interest expense Income before taxes. Income tax expense Net income s 3.57 pts 139,000 84,500 54,500 24,000 S 30,500 5,900 $ 24,600 7,380 $ 17,220 What is the company's number of times interest is earned ratio? (NOTE, don't forget ratios from CH 9 are listed out in the instructions part of the exam.) 4.2 times O 5.2 times O none of the answers given are correct O 2.9 times
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