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The following data were taken from recent annual reports of Caliber Company, which operates a low-fare company service to over 50 cities in the United
The following data were taken from recent annual reports of Caliber Company, which operates a low-fare company service to over 50 cities in the United States. Current Year Preceding Year Interest expense $81,000 $89,000 Income before income tax 623,700 525,100 a. Determine the number of times interest charges were earned for the current and preceding years. Round to one decimal place. Current year Preceding year
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