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The following data were taken from the financial records of Acme Corporation for 2017: Sales $4,000,000 Interest Expense 600,000 Income taxes 90,000 Net income 900,000

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The following data were taken from the financial records of Acme Corporation for 2017: Sales $4,000,000 Interest Expense 600,000 Income taxes 90,000 Net income 900,000 Dividends 200,000 Calculate the interest coverage ratio. (6 points)

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