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The following information was obtained from Quayle Company's income statement: Income before Interest and Income Tax Expense $ 685,000 Interest Expense 75,000 Income before Income
The following information was obtained from Quayle Company's income statement:
Income before Interest and Income Tax Expense $ 685,000
Interest Expense 75,000
Income before Income Tax Expense 610,000
Income Tax Expense 213,500
Net Income $ 396,500
What is the times interest earned ratio? Multiple Choice
5.29
9.13
1.73
8.13
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