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Times interest earned Iacouva Company reported the following on the companys income statement for two recent years: Current Year Prior Year Interest expense $658,000 $658,000

Times interest earned Iacouva Company reported the following on the companys income statement for two recent years: Current Year Prior Year Interest expense $658,000 $658,000 Income before income tax 8,685,600 9,541,000 a. Determine the times interest earned ratio for the current year and the prior year. Round to one decimal place. Current year Prior year

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