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The following data come from the financial records of Bynum Corporation for 2011. Sales $840,000 Interest expense 5,000 Income tax expense 27,000 Net income 28,000
The following data come from the financial records of Bynum Corporation for 2011. Sales $840,000 Interest expense 5,000 Income tax expense 27,000 Net income 28,000 Required: How many times was interest earned in 2011
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