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The following data come from the financial records of Perez Corporation for Year 3: Sales Interest expense Income tax expense Net income Required $ 845,000

The following data come from the financial records of Perez Corporation for Year 3: Sales Interest expense Income tax expense Net income Required $ 845,000 4,800 29,500 24,000 How many times was interest earned in Year 3? Note: Round your answer to 2 decimal places. Interest earned times

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