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The following data come from the financial records of Adams Corporation for 2014. Sales $ 720,000 Interest expense 6,000 Income tax expense 12,000 Net income
The following data come from the financial records of Adams Corporation for 2014.
| Sales | $ | 720,000 |
| Interest expense | 6,000 | |
| Income tax expense | 12,000 | |
| Net income | 42,000 |
| Required |
How many times was interest earned in 2014? |
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College Accounting Chapters 1- 9
Authors: James A Heintz, Robert W Parry
23rd Edition
1337794783, 978-1337794787
