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The following information was obtained from Quayle Companys income statement: Income before Interest and Income Tax Expense $691,000 Interest Expense 78,000 Income before Income Tax
| The following information was obtained from Quayle Companys income statement: |
| Income before Interest and Income Tax Expense | $691,000 |
| Interest Expense | 78,000 |
| Income before Income Tax Expense | 613,000 |
| Income Tax Expense | 222,500 |
| Net Income | $390,500 |
What is the times interest earned ratio?
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Auditors Letter Handbook
Authors: American Bar Association Business Law Section
2nd Edition
161438973X, 978-1614389736
