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Times-Interest-Earned Ratio The Morrit Corporation has $450,000 of debt outstanding, and it pays an interest rate of 10% annually. Morrit's annual sales are $3 million,

Times-Interest-Earned Ratio The Morrit Corporation has $450,000 of debt outstanding, and it pays an interest rate of 10% annually. Morrit's annual sales are $3 million, its average tax rate is 25%, an...

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