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The Fortune Company reported the following income for Year 2: Sales Cost of goods sold Gross margin Selling and administrative expense Operating income Interest expense
The Fortune Company reported the following income for Year 2: Sales Cost of goods sold Gross margin Selling and administrative expense Operating income Interest expense Income before taxes Income tax expense Net income $140,000 85,000 $ 55,000 25,000 $ 30,006 6,000 $ 24,000e 7,200 $ 16,806e What is the company's number of times interest is earned ratio? Multiple Choice 2.8 times
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