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The following data were taken from the financial records of Glum Corporation for 20X1: Sales Bond interest expense Income taxes Net income $3,600,000 120,000 350,000
The following data were taken from the financial records of Glum Corporation for 20X1: Sales Bond interest expense Income taxes Net income $3,600,000 120,000 350,000 1,050,000 Required: How many times was bond interest earned in 20X1? (Round your answer to 2 decimal places.) Interest coverage times
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Financial Accounting International Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
6th Edition
978-0470623275
