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The following information is from the financial statements of Shakespeare Inc.: Net income $450,000 Income tax expense 250,000 Interest expense 150,000 Long-term debt 1,875,000 The

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The following information is from the financial statements of Shakespeare Inc.: Net income $450,000 Income tax expense 250,000 Interest expense 150,000 Long-term debt 1,875,000 The interest-coverage ratio for Shakespeare would be closest to

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