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The following information is taken from the financial statements of Burton Industries: Total Assets Total Liabilities Total Stockholders' Equity Net Income Income Tax Expense Interest
The following information is taken from the financial statements of Burton Industries: Total Assets Total Liabilities Total Stockholders' Equity Net Income Income Tax Expense Interest Expense $270,000 97,000 173,000 77,000 24,500 6,400 The company's times interest earned ratio is: Multiple Choice O 13.0 O 15.9. o 4.5 U 16.9
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