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The following information was obtained from Quayle Companys income statement: Income before Interest and Income Tax Expense $696,000 Interest Expense 80,500 Income before Income Tax

The following information was obtained from Quayle Companys income statement:

Income before Interest and Income Tax Expense $696,000
Interest Expense

80,500

Income before Income Tax Expense 615,500
Income Tax Expense

230,000

Net Income

$385,500

What is the times interest earned ratio?

a. 4.79

b. 7.65

c. 8.65

d. 1.81

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