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The times interest earned ratio is computed using income before income taxes because a. interest payments increase interest revenue. b. interest payments reduce income tax
The times interest earned ratio is computed using income before income taxes because a. interest payments increase interest revenue. b. interest payments reduce income tax expense. Oc. cost of merchandise sold will be excluded. d. interest payments increase income tax expense
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, William J. Kretlow
11th Edition
0324653506, 978-0324653502
